Burr & Forman

06.6.2013   |   Firm News

Burr’s Peter Vilmos Featured in Building Central Florida

Peter’s article “The Emperor’s New Economic Loss Rule” was included in the print version as an exert with the full version available online.

“For years, litigating breach of contract cases in Florida meant having to struggle with the array of cases dealing with the Economic Loss Rule. In its simplest form, the Economic Loss Rule is a judicially
created principle that prohibits tort damages in a breach of contract action where the damages are limited to an “economic loss.” Breach damages are typically limited to the amount of expectation damages
one would normally anticipate from contractual non-performance. In a simple breach, therefore, one could calculate the cost to cure the breach and measure the damages. Tort damages, in contrast,
are not necessarily constrained to strict formulas or calculations…”

The print version of the article can be found here on page 11, while the full version is available online.

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