expectancy damages

Expectancy damages are a type of compensation awarded in contract law when one party fails to fulfill their obligations. The purpose of these damages is to put the injured party in the position they would have been in had the contract been performed as agreed. Essentially, it seeks to cover lost profits or benefits that the party expected to receive from the contract. For example, if a supplier fails to deliver goods on time, the injured party may claim for the profits they would have earned from selling those goods.