economic loss doctrine
Economic loss doctrine is a legal principle that precludes recovery by an injured party for purely economic damages if there is no privity of contract with the tortfeasor.
economic loss doctrine
Economic loss doctrine is a legal principle that precludes recovery by an injured party for purely economic damages if there is no privity of contract with the tortfeasor.
Additional Information
This argument has been used by design professionals to avoid liability for claims by contractors, tenants, and others who suffered economic loss as a result of design errors or omissions.
