Proving lost profits in a busted market for your Maryland case.

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Proving lost profits can depend on whether loss is measured "at the time of the breach," or based on future events and conditions anticipated by the parties to a contract. In Tower v. Tower, decided in November, 2012, Maryland's highest appellate court provided guidance on when either of these two approaches may be applied in case for lost profits arising out of breached commercial real estate deals in a depressed Maryland economy.

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Published In: Business Torts Updates, Civil Remedies Updates, General Business Updates, Commercial Real Estate Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Thomas Valkenet, Young & Valkenet | Attorney Advertising

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