NEW-BUSINESS RULE

By SovConn | May 25, 2013

new-business rule.The principle precluding an award of damages for lost profits to a business with no recent record of profitability, because the damages would be too speculative. [Cases: Damages 40(1), 190.C.J.S. Damages §§ 58, 61, 304.]

[Blacks Law 8th]

Posted in Law Dictionary Definitions