Nuts & Bolts of Lost Profit Cases (Series: COMPLEX FINANCIAL LITIGATION FOR THE NON - EXPERT)
Expectations, we all have them. Maybe a business partner, supplier or vendor didn’t live up to their end of the bargain and the business suffers. What is the remedy? What are the damages and how do you seek repayment of the loss profits? Lost profits are an economic measure of damages a business suffers as a result of a wrongful act, and can only be claimed over the loss period. In this webinar we discuss types of wrongful acts that can lead to such damages, what makes an effective claim to recover lost profits, proactive solutions to prevent or reduce claims, and what the difference is between a reduction in business value and lost profits. Further complicating the understanding of damages are other remedies that are often confused with lost profits, which are also covered.
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