New PDF release: Accounting for Profit for Breach of Contract. Theory and

By Katy Barnett

This ebook defends the view that an award of an account of earnings (or 'disgorgement damages') for breach of agreement will occasionally be justifiable, and it matches in the orthodox ideas and circumstances in agreement legislation. even if, there's a few confusion as to while such an award could be made. the ethical bases for disgorgement damages are deterrence and punishment, which form the therapy in vital methods. Courts also are focused on vindication of the claimant's functionality curiosity, and it's pivotal that the claimant can procure a replacement functionality through an award of damages or particular aid. The booklet argues that disgorgement damages will be on hand in different types of case: 'second sale' situations, the place the defendant breaches his agreement with the claimant to make a extra ecocnomic agreement with a 3rd occasion; and 'agency challenge' situations, the place the defendant gives you the claimant he'll now not do a definite factor, and the claimant reveals it tricky to oversee the functionality. additionally, disgorgement will be complete or partial, and 'reasonable rate damages' for breach of agreement are most sensible understood as partial disgorgement instead of 'restitutionary damages.' Equitable bars to aid also needs to be followed in terms of disgorgement damages, as should still allowances for ability and energy. Accounting for revenue for Breach of agreement could be of curiosity to agreement and advertisement attorneys, and it'll be specially worthy to somebody with an curiosity in agreement treatments and restitution. The publication attracts on case legislation in a few universal legislation jurisdictions, basically England, Wales, and Australia. (Series: Hart experiences in inner most legislation)

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Extra resources for Accounting for Profit for Breach of Contract. Theory and Practice

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50 McInnes, ‘Account of Profits for Common Law Wrongs’ (n 45) 416. 51 McInnes (n 39) 85. 52 ibid 84–85. 53 Burrows, ‘Damages on the ‘Wrotham Park Basis’’ (n 29) 173; Rotherham (n 32) 44–45. Against Cunnington, ‘The Assessment of Gain-Based Damages’ (n 29) 564. 54 Burrows, ‘Damages on the ‘Wrotham Park Basis’’ (n 29) 173. 55 ibid. See, eg Wrotham Park (n 34) and Tamares (n 40). Burrows argues that characterising such cases as compensatory on the basis of the loss of an opportunity to apply for an injunction fails for similar reasons: Burrows, ibid 171–72, referring to the reasons of Gabriel Moss QC in Tamares.

His concept of substitutive compensation for a lost right is tied inextricably to property rights and the use value of those rights, not to a contractual right to performance. 53 The claimant has not lost a right: she retains the same rights she had before the wrong was committed. 55 46 Penarth Dock Engineering Co Ltd v Pounds [1963] 1 Lloyd’s Rep 359; Swordheath Properties Ltd v Tabet [1979] 1 WLR 285 (CA); Ministry of Defence v Ashman [1993] 2 EGLR 102 (CA); Ministry of Defence v Thompson [1993] 2 EGLR 107 (CA); Inverugie Investments Ltd v Hackett [1995] 1 WLR 713 (PC); Gondal v Dillon Newsagents Ltd [2001] RLR 221, [1998] EWCA Civ 1324 (CA).

Stripping defendants of their profit when they breach a contract in certain circumstances is a ‘nudge’25 to encourage parties to either perform their obligations or negotiate a release from the contract. If compensatory damages are inadequate to protect the claimant’s performance interest and disgorgement damages are not awarded, a defend­ ant has nothing to stop him from deliberately breaching a contract and leaving the claimant without a substitute performance. However, if profits are stripped from a defendant, there is no longer any incentive on the part of that defendant or other defendants to breach a contract in the future, at least without entering into negotiations with the claimant first.

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Accounting for Profit for Breach of Contract. Theory and Practice by Katy Barnett

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