Contract and Private Ordering
Introductory
Reliance Damages
A contract remedy designed to reimburse costs incurred in reliance on a promise rather than to award the full expected benefit of performance.
Why It Matters
Reliance damages help analyze investment incentives, evidentiary limits, incomplete agreements, and situations where expectation damages are difficult to measure.
Selected Literature
A short list of directly relevant archive entries.
2004
Advanced
2016
Advanced
2019
Advanced
Related Cases
1972
Foundations of Law and Economics
Spur Industries, Inc. v. Del E. Webb Development Co.
108 Ariz. 178, 494 P.2d 700 (1972)
Coming to the nuisance, injunctions, and indemnity for relocating incompatible land uses.
1988
Securities Regulation
Basic Inc. v. Levinson
485 U.S. 224 (1988)
Materiality of merger negotiations and reliance in Rule 10b-5 class actions.
2014
Securities Regulation
Halliburton Co. v. Erica P. John Fund, Inc.
573 U.S. 258 (2014)
Fraud-on-the-market reliance, class certification, and price-impact evidence in securities-fraud class actions.