PrincipleCONTRACT LAW — Damages — Distinction Between General and Special Damages in Contract
- Area of law
- CONTRACT LAW
- Court
- Supreme Court
"General" and "special" damages terminology is less precise in contract than in tort. Parties may agree in advance on damages for specific breaches (liquidated damages). The principle applies to contract law and damages. The rule recognises party autonomy to stipulate damages. Such agreed damages are…
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