# Expectation Damages Contract Agreement
**This Expectation Damages Contract Agreement** ("Agreement") is made and entered into as of [Date] by and between:
**Party A:**
[Full Name]
[Address]
[City, State, Zip Code]
[Email Address]
[Phone Number]
**Party B:**
[Full Name]
[Address]
[City, State, Zip Code]
[Email Address]
[Phone Number]
**Collectively referred to as the "Parties".**
## 1. Purpose
The purpose of this Agreement is to outline the terms under which expectation damages may be awarded in the event of a breach of contract between the Parties.
## 2. Definitions
For the purposes of this Agreement, the following definitions apply:
- **"Expectation Damages"** refers to the monetary compensation that is intended to restore a party to the position it would have been in had the contract been performed as agreed.
- **"Breach"** refers to the failure to perform any term of this Agreement.
## 3. Obligations of the Parties
### 3.1 Party A's Obligations
Party A agrees to [describe obligations of Party A].
### 3.2 Party B's Obligations
Party B agrees to [describe obligations of Party B].
## 4. Expectation Damages
In the event of a breach of this Agreement by either Party:
- The non-breaching Party shall be entitled to recover expectation damages.
- Expectation damages shall be calculated based on the anticipated benefits that the non-breaching Party would have received had the contract been performed as intended.
## 5. Limitations of Liability
- No Party shall be liable for any consequential, indirect, or punitive damages arising out of this Agreement.
- The total liability of a breaching Party shall not exceed the total amount paid by the non-breaching Party under this Agreement.
## 6. Dispute Resolution
In the event of a dispute arising from or related to this Agreement, the Parties agree to attempt to resolve the dispute through good faith negotiation. If negotiation fails, the Parties shall submit the matter to mediation before pursuing other legal remedies.
## 7. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of [State].
## 8. Entire Agreement
This Agreement constitutes the entire understanding between the Parties concerning the subject matter hereof and supersedes all prior agreements, whether written or oral.
## 9. Amendments
This Agreement may only be amended or modified in writing, signed by both Parties.
## 10. Signatures
By signing below, the Parties agree to be bound by the terms of this Agreement.
**Party A Signature:**
_____________________________
[Printed Name]
[Date]
**Party B Signature:**
_____________________________
[Printed Name]
[Date]
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**Note:** This document is intended as a sample agreement and should be customized to fit the specific circumstances and jurisdictions applicable to the Parties. Legal advice from a qualified attorney is recommended prior to use.