Remove Agreement Remove Bargains Remove Contract Remove Products
article thumbnail

Fraud as an Exception to the Economic Loss Doctrine: Changing Trends in Colorado and Tennessee

Constructlaw

But two recent state-court decisions evidence a change in that trend: Both held that the Economic Loss Doctrine bars fraud claims because parties to a commercial contract — often sophisticated and represented by counsel — allocate risk, prescribe damages, and rely on the terms of the bargain.

article thumbnail

#92:  Lost Profits and Waivers of Consequential Damages

NH Construction Law

In the law of contracts, damages suffered by the nonbreaching party may be either “direct” (loss of the benefit of the bargain, measured by the cost of remedying the deficient performance) or “consequential” (other reasonably foreseeable harm caused by the breach). In Mentis Sciences, Inc. 3d 799, 808, 11 N.E.3d

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Consumer Price Index + 2.9% (Past Twelve Months)

Job Order Contracting

The index for dairy and related products rose 0.7 The index for cereals and bakery products increased 0.6 Many collective bargaining contract agreements and pension plans, for example, tie compensation changes to the Consumer Price Index before adjustment for seasonal variation. The index for food at home rose 0.2

article thumbnail

How efficient, collaborative construction boosts speed to market

The Korte Company

Getting to market faster creates advantages for firms of all shapes and sizes—from startups offering a new product or service to established brands focused on growing market share or seeking to operate more efficiently. Those that lease existing spaces often time construction to coincide with the expiration of a lease agreement.