Glossary entry (derived from question below)
German term or phrase:
positives Vertragsinteresse
English translation:
consequential loss
Added to glossary by
diamond 102
May 26, 2010 08:03
14 yrs ago
8 viewers *
German term
positives Vertragsinteresse
German to English
Law/Patents
Law: Contract(s)
I can't get my head around this entire sentence for some reason.
Background: The company is an Austrian construction company. The text is a check-list for the non-lawyers in the company to do a sort of rough analysis of a contract to decide if they should put in a bid or not. Many of the users of this text will be non-native English speakers so while I'm interested in the exact phrase (if there is one) it's more important that it is understood by people with only a basic legal understanding.
Schadenersatz zusätzlich zur Vertragsstrafe („Liquidated damages“)
[...]
– Ist „volle Genugtuung“ / „positives Vertragsinteresse (auch der entgangene Gewinn des Auftraggebers) zu leisten? Wenn ja, gilt dies auch bei nur leicht fahrlässigem Handeln?
Background: The company is an Austrian construction company. The text is a check-list for the non-lawyers in the company to do a sort of rough analysis of a contract to decide if they should put in a bid or not. Many of the users of this text will be non-native English speakers so while I'm interested in the exact phrase (if there is one) it's more important that it is understood by people with only a basic legal understanding.
Schadenersatz zusätzlich zur Vertragsstrafe („Liquidated damages“)
[...]
– Ist „volle Genugtuung“ / „positives Vertragsinteresse (auch der entgangene Gewinn des Auftraggebers) zu leisten? Wenn ja, gilt dies auch bei nur leicht fahrlässigem Handeln?
Proposed translations
(English)
| 3 +1 | consequential loss |
Ruth MacDonald
|
Proposed translations
+1
50 mins
Selected
consequential loss
There are different types of compensation to which a party under a contract may be entitled. In this sentence they are, according to my understanding of the paragraph asking whether that they have to compensate for ‘the positive interests under the contract’ ( including the profit made by the supplier). This concept is called consequential loss in English law. Therefore the question is ' is compensation payble for consequential loss?
4 KudoZ points awarded for this answer.
Comment: "Thank you for the explanation as well."
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