The following abstract explains Nevada law on contract damages, and explains how our courts view, determine, and award damages.
EXPECTATION/COMPENSATORY DAMAGES
Expectation/Compensation Damages as the General Goal of Contract Damages.
The general goal of contract damages is to provide compensation for the injured party based on the injured party’s expectation interest. 3 D. Dobbs, Law of Remedies § 12.2(1), at 22 (2d ed. 1993); Restatement (Second) of Contracts § 347cmt. a (2008). Although there are other remedies available for an injured party in a breach of contract situation, the general and traditional goals of awarding damages in a breach of contract case are aligned with the expectation/compensation remedy. Dobbs, § 12.2(1), at 22.
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