At its core, lost profit damages are an evaluation of the additional profit the plaintiff would have made had the defendant not committed the alleged wrongful act. Lost profit damages can take many forms including lost profits related to lost sales, price erosion, increased expenses, or injury to a company’s goodwill/reputation. Lost profit damages may […]
Financial
Intellectual Property Issues in Breach of Contract Disputes
Intellectual Property (IP) is licensed and transferred in many ways. Because of the intangible nature of IP, drafting these licenses can be fraught with problems in defining the IP itself, the rights granted, and royalty triggers, to name a few. Similarly, different types of IP licenses require different protections, like quality control provisions for trademark […]