Examlex
An individual who is claimed as a dependent by another person is not entitled to a personal exemption on his or her own return.
Breach of Contract
The failure of one party to fulfill the terms of a contract without lawful excuse.
Incidental Damages
Additional costs incurred as a consequence of a breach of contract, beyond the direct damages or loss.
Lost Profits
Lost profits refer to the potential earnings a company or individual was unable to realize due to another party's wrongful acts or breaches of contract.
Defective Performance
The failure to meet the required or expected standards of performance in the execution of a contractual duty or obligation.
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