A contract price is a monetary figure that has been agreed upon in a contract, to be received in exchange for goods or services.
The contract price is the price for the goods or services to be received in the contract.
In litigation, the contract price is a factor for determining damages upon a party forsaking its contractual obligations.
The contract price as a point of reference may help determine the expectancy interest of the party suffering damages as well as the reliance interest along with damages under promissory estoppel.
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