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

By Katy Barnett

This e-book defends the view that an award of an account of earnings (or 'disgorgement damages') for breach of agreement will occasionally be justifiable, and it suits in the orthodox rules and instances in agreement legislation. in spite of the fact that, there's a few confusion as to whilst such an award may be made. the ethical bases for disgorgement damages are deterrence and punishment, which form the treatment in vital methods. Courts also are considering vindication of the claimant's functionality curiosity, and it truly is pivotal that the claimant can procure a alternative functionality through an award of damages or particular reduction. The publication argues that disgorgement damages can be to be had in different types of case: 'second sale' circumstances, the place the defendant breaches his agreement with the claimant to make a extra ecocnomic agreement with a 3rd occasion; and 'agency challenge' instances, the place the defendant offers the claimant he'll now not do a definite factor, and the claimant unearths it tricky to oversee the functionality. furthermore, disgorgement will be complete or partial, and 'reasonable cost damages' for breach of agreement are most sensible understood as partial disgorgement instead of 'restitutionary damages.' Equitable bars to reduction must also be followed in terms of disgorgement damages, as should still allowances for ability and energy. Accounting for revenue for Breach of agreement should be of curiosity to agreement and advertisement legal professionals, and it'll be particularly helpful to somebody with an curiosity in agreement treatments and restitution. The e-book attracts on case legislation in a couple of universal legislations jurisdictions, essentially England, Wales, and Australia. (Series: Hart reviews in deepest legislations)

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Example text

I adopt the ‘moderate’ version of transparency according to Smith, which looks at the reasons judges give and attempts to unpick the difficulties of these reasons. 10 C Rotherham, ‘The Conceptual Structure of Restitution for Wrongs’ (2007) 66 CLJ 172, 189–90. 7 8 14 Rationales Behind Disgorgement Damages nature, I argue that it is more coherent in a contractual context to see it as gainbased relief that is grounded in deterrence and retribution. In this chapter, I will first consider the supposed compensatory rationale and suggest that it is not an appropriate justification for disgorgement damages.

It is only if damages are inadequate to compensate for the claimant’s right to performance and if substitute performance is no longer available that disgorgement damages should be considered. The question remains whether disgorgement damages are truly substitutive. They are not a substitute for performance in the same way that expectation dam ibid. ibid 70. 84 Stevens cites Alfred McAlpine Construction Ltd v Panatown Ltd [2000] UKHL 43, [2001] 1 AC 518 (HL) where the court was divided as to whether to award substitutive damages for breach of contract.

1) (1871) LR 6 Ch App 770 (CA); Phillips v Homfray (No. 2) (1883) 24 Ch D 439 (CA); Bracewell v Appleby [1975] Ch 408; Jaggard (n 8); Yakamia Dairy Pty Ltd v Wood [1976] WAR 57 (WASC). 48 Strand Electric (n 8); Hillesden Securities Ltd v Ryjack Ltd [1983] 1 WLR 959 (QB); Gaba Formwork Contractors Pty Ltd v Turner Corporation Ltd (1991) 32 NSWLR 175 (NSWSC). See recently Chep Australia Ltd v Bunnings Group Ltd [2010] NSWSC 301 (NSWSC). 49 Carr-Saunders v Dick McNeil Associates [1986] 1 WLR 922 (Ch).

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