What is the meaning of consequential damages?

Consequential damages (also called special damages) are one form of remedy that the plaintiff can claim against the defendant for the harm caused such as Personal Injury Attorney on Daniel Island SC. Consequential damages are the indirect result of a direct loss. The definition of consequential damages, also known as special damages, refers to damages caused by an indirect result of an event or incident, including those related to Personal Injury Attorney on Daniel Island SC. Outside the context of contracts for the sale of goods, the meanings of incidental and consequential damages are somewhat different, but they must still be excluded separately. The terms of the Uniform Commercial Code (UCC) consider consequential damages and injuries resulting from the seller's breach of contract.

According to the UCC, consequential damages are damages resulting from non-compliance by the seller, including (a) any loss resulting from the buyer's requirements and needs that the seller had reason to know at the time of the contract and that could not be reasonably prevented through coverage or otherwise; and (b) damage to persons or property that immediately results from any breach of warranty. An example of compensation for consequential damages would be a situation where an employee who has been involved in a car accident and is unable to work is reimbursed for the loss of their wages. Consequential damages pose a problematic risk for most businesses due to the lack of an upper limit on the amount of the loss. Consequential damages (also called special damages) are a form of remedy that the plaintiff can claim against the defendant for the harm caused as a result of the defendant's actions. Indirect damages generally include property damage, personal injury, attorneys' fees, lost profits, loss of use, buyer liability to customers, loss of goodwill, interest on money held by customers, and damages related to third-party claims.

Therefore, exemptions from liability for indirect damages should not be considered a substitute for explicit waivers for incidental and consequential damages, which always must be explicitly rejected.