Contract price

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.

This legal term article is a stub.