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

Constructlaw

Most frequently, the Economic Loss Doctrine bars negligence claims. Its outer bounds begin with intentional torts, and most jurisdictions do not apply the Economic Loss Doctrine to fraud claims. Dream Finders Homes claimed that Weyerhaeuser misrepresented the nature of the joists and claimed remediation costs and legal expenses.

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GA Court of Appeals Enforces Contract Clause, Excluding Liability for Incidental Damages Where Specific Performance Is Ordered

Constructlaw

DonRob planned to develop the other two sections into townhomes and commercial units. If 360 had wanted the ability to recover both specific performance and monetary damages, and/or the ability to recover damages exceeding $250,000, then it could have bargained for the inclusion of these remedies in the Agreement.

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#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). v Conor Medsystems Ireland, Ltd. , 3d 676 (2014).

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What Is a Construction Punch List (And How to Improve)

Autodesk Construction Cloud

While punch lists are not strictly speaking mandatory, points out Construction Claims Monthly , they are a widespread and traditional process that occurs toward the end of any construction project. If required, liability can be included in the contract in case a particular party does not complete their end of the bargain.

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What Is a Construction Punch List (And How to Improve)

Autodesk Construction Cloud

While punch lists are not strictly speaking mandatory, points out Construction Claims Monthly , they are a widespread and traditional process that occurs toward the end of any construction project. If required, liability can be included in the contract in case a particular party does not complete their end of the bargain.