Loss of Bargain

Definition - What does Loss of Bargain mean?

Loss of bargain is the legal term used to describe the detrimental effect of a breach of contract on one party. When one party loses a financial interest in something or foregoes financial gain due to the contractual breach of another person, they can sue the party whom breached the contract to regain the amount lost.

Justipedia explains Loss of Bargain

Loss of bargain is the main action in many civil matters where breach of contract is concerned. The law requires the party that breaches the contract to repay the damages caused to the other party by their breaking of the agreement.

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