Lenexa, KS asked in Business Law for Iowa

Q: Is there any cases where I can find details about damage claims in a contract

for example: Courts also look at the price of the contract in determining whether certain damages for breach of that contract are proper. A lack of proportion between the two numbers is an indication that the requested damages are improper. In other words, if a party is only be paid a small amount of money in exchange for its services under a contract, courts may take that as an indication that the small payment for services was not intended to expose that party to large financial risk if it breached the contract.

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1 Lawyer Answer

A: There are, but “damages” is a broad subject, where there are different types of damages, such as compensatory, punitive, consequential, among others. If this is for general knowledge or research, you can find a great deal of information on the subject of damages. If this is for an actual real-life situation, an attorney in your jurisdiction could probably provide more meaningful guidance regarding damages in a contract matter.

Tim Akpinar

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