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In the case of collaborative report writing process, the last step involves determining the problem and purpose of the report.
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.
Computation of Damages
The process of calculating the amount of money that one party must pay to another as compensation for harm or loss caused by a breach of contract, negligence, or other wrongful act.
Injured Party
An individual or entity that has suffered harm or damage due to the actions or negligence of another party.
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