Can You Recover Lost Profits in a Breach of Contract Case?
September 28, 2018From a legal standpoint, lost profits are essentially pre-tax profits that a company would have earned if not for the conduct of a defendant. Arizona law permits recovery of lost profits in breach of contract claims; however, establishing lost profits damages can be difficult for both established and new businesses…
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What Constitutes Unfair Competition?
September 27, 2018Unfair competition occurs when a business uses deceptive or dishonest business practices to gain a competitive advantage. Some of the most common types of unfair competition impacting businesses and business owners include: Trademark infringement Misappropriation of trade secrets or use of confidential information …
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What is a Liquidated Damages Clause in a Contract?
September 26, 2018One of the ways to help reduce risk in a commercial contract is the inclusion of a liquidated damages clause that specifies an estimated payment for any resulting damages from a breach of that contract. Once the types of breaches are defined in the contract terms, the monetary damages to be set are the parties’ […
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