Consequential Damages
Legal definition for Indian law research
Definition
Consequential damages. or loss usually refers to pecuniary loss consequent on pshysical damage. Such as loss of profit sustained due to fire damage in a factory. It is most frequently encountered in contracts and insurance policies when its meaning is a matter of construction. When used in an exemption clause in a contract, consequential refers to damage which is only recoverable, Hadley v. Baxendale, (1854) 9 Exch 341. See also DAMAGES.
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.