Lost Profits Recovery Period Limited by Contractual Terms

Business Valuation Update BVLaw
Legal and Court Case Update
June 9, 2006

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5191 Farm Supplies
444220 Nursery, Garden Center, and Farm Supply Stores
contract
damages, lost profits, breach of contract, economic damages & lost profits
Advanta USA, Inc. v. Farmers Fertilizer Company, Inc.
No. 2005-CA-000662-MR (KY App. 2006), unpublished
US
State Court
Kentucky
Court of Appeals
Christopher W. Haden, Frank Hampton Moore Jr., John L. Tate, Matthew P. Cook
Knopf

Summary

The Kentucky Court of Appeals determined that the trial court improperly computed the amount of lost profits in this breach of contract action when it awarded profits over a five-year period rather than over 30-day period called for in the contract.

See Also

Advanta USA, Inc. v. Farmers Fertilizer Company, Inc.

Full Text of Court Cases
June 9, 2006

The Kentucky Court of Appeals determined that the trial court improperly computed the amount of lost profits in this breach of contract action when it awarded profits over a five-year period rather than over 30-day period called for in the contract.