"Lost profits" refers to the money a business or individual would have earned or gained, but didn't, due to a particular event or circumstance. It signifies the financial loss that occurs when anticipated profits are not realized.
Full definition
These damages will be typically calculated on the basis
of lost profits incurred as a result of the system change.
That said, I also
lost any profits from investing the money in stocks over the eight years that the money was tied up.
You could win royalties and make back
lost profits as a result of a successful patent case.
It's easy to assume that brands and stores
lose profit when they give away coupons.
We have helped determine damages in cases involving
lost profits claims by hospitals for construction defects, disputes between hospitals and physicians and disputes between managed care plans and patients.
While you focus on making property repairs, this policy pays you for
lost profits during the time you have to stop your usual operations.
It means that the consumer is not a responsible borrower and the financial institution may
lose some profit because of his or her behavior.
The study also found that firms can get locked into a «prisoner's dilemma,» in which they adopt add - on pricing, even if it
means losing profits.
Business income coverage can help
replace lost profits while damage to your store and equipment is being repaired.
Also, there aren't a bunch of people who are just fans of the distribution company who will give money to them who may be alienated
causing lost profits.
I definitely wouldn't count it as
lost profit if it was only «potential» profit.
This means banks will now need to make up even
more lost profits via their customers.
Business interruption insurance protects your company's fiscal health by stepping in to pay for
lost profits after a disaster.
Schools have expressed concerns
about losing profits, though the bill would allow soda and junk food snacks to be sold after school at events such as football games.
Though some unused fruits and veggies can be sent to food manufacturers,
farmers lose profits from about a quarter of their crops because of cosmetic imperfections.
Some staff members have an extremely difficult time trying to learn these convoluted billing systems, which translates
into lost profits and a waste of valuable time.
Business income insurance can help replace
lost profit up to policy limits.
In the meantime, you are
losing profits everyday as your customers are forced to turn to your competitors for products or services.
I'd kind of like to learn those things in college rather than to learn in the real world solely and
potentially lose profits.
The cost of the hedge — whether it is the cost of an option or
lost profits from being on the wrong side of a futures contract — can not be avoided.
Generally, damages will take the form
of lost profits, out - of - pocket costs, or lost business value.
Holding an inventory of products that aren't moving off the shelf or being used is another way to
lose profit margin.
The business may seek out a replacement for the key employee, may
replace lost profits, or fund a partial stock redemption agreement.
IN NO EVENT SHALL WE BE LIABLE TO YOU OR ANY THIRD PARTY FOR ANY INDIRECT, CONSEQUENTIAL, INCIDENTAL, SPECIAL OR PUNITIVE DAMAGES,
INCLUDING LOST PROFIT DAMAGES ARISING FROM YOUR USE OF THE SITES OR THE APPLICATIONS, CONTRIBUTIONS, MATERIALS OR ANY OTHER CONTENT THEREIN.
In general commercial litigation, the courts may consider a number of factors before
awarding lost profits, such as causation, mitigation, reasonable certainty, speculation, and whether or not the damages are foreseeable.
If East African's termination turned out to have been unfounded, TBL would have been entitled to damages for
lost profits on the remaining term of the brewing and distribution agreement.
For other authors it appears that you will
only lose profit if snared into Amazon's exclusivity trap.
You'll also make money faster since you won't be trying to
recover lost profits from spending money on rehabbing the property.
In the end, this property's renovation costs didn't go over the budget, and We Buy 417 was able to get all of the money sorted out so that they did
n't lose profit on this property.
His area of expertise is intellectual property damages analysis and calculations including
lost profit calculations, reasonable royalty determinations, and other intellectual property quantitative analysis such as valuations.