Examlex
The advent of Netflix movie streaming and Redbox kiosks renting DVD and Blu-ray movies have virtually demolished the market for video rentals from brick and mortar stores such as Blockbuster. This is an example of
Breach of Contract
The failure to perform any term of a contract, written or verbal, without a legitimate legal excuse.
General Damages
Compensation awarded for non-monetary losses suffered due to a breach of contract or tort, such as pain and suffering or loss of reputation.
Incidental Damages
Financial losses indirectly resulting from a party's failure to meet a contractual obligation.
Trade Secrets
Confidential business information that provides an enterprise a competitive edge and is protected from disclosure by law.
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