Adv. Lazim Vengattil, Associate, Alishahz Legal LLP INTRODUCTION In our increasingly interconnected world, contracts are no longer limited to formal agreements signed with pen and paper. Many of our daily interactions ranging from clicking “I Agree” on a website to stepping into a metro station are governed by contracts we […]
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LOSS OF PROFIT AND LOSS OF PROFITABILITY: A LEGAL ANALYSIS
Adv. Lazim Vengattil, Associate, Alishahz Legal LLP INTRODUCTION In the realm of commercial law, “loss of profit” and “loss of profitability” are often important concepts in litigation and contractual disputes. While they might sound similar, they refer to distinct types of financial setbacks. This article aims to clarify these terms, […]
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