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Lost profits are an element of damages available in many lawsuits. In general, lost net profits are calculated by first determining the gross revenue on sales that the party lost due to the wrongful conduct of the other party. The lost gross revenue is then reduced by the normal costs related to providing the goods or services. The result of this calculation is the net profits that would have been earned if the sales had not been lost.

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rdfs:label
  • Lost profits
rdfs:comment
  • Lost profits are an element of damages available in many lawsuits. In general, lost net profits are calculated by first determining the gross revenue on sales that the party lost due to the wrongful conduct of the other party. The lost gross revenue is then reduced by the normal costs related to providing the goods or services. The result of this calculation is the net profits that would have been earned if the sales had not been lost.
dcterms:subject
abstract
  • Lost profits are an element of damages available in many lawsuits. In general, lost net profits are calculated by first determining the gross revenue on sales that the party lost due to the wrongful conduct of the other party. The lost gross revenue is then reduced by the normal costs related to providing the goods or services. The result of this calculation is the net profits that would have been earned if the sales had not been lost.
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