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What Is a Packet

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What is a packet?


Definitions:

Incidental Damages

Compensatory amounts awarded to cover indirect losses or costs incurred due to a breach of contract.

Replacement Goods

Products provided to substitute for those lost, damaged, or deemed unsatisfactory, often under a warranty or agreement.

Consequential Damages

Damages that can be claimed and are intended to compensate a party for indirect losses as a result of not fulfilling a contractual obligation.

Nonconforming Goods

Products that fail to meet the quality, specifications, or performance standards outlined in a purchase agreement.

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