<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=271231627262368&amp;ev=PageView&amp;noscript=1">

Gatekeeper Contract and Vendor Management Glossary

Search common contracting language and take a deeper dive to discover what each means

Glossary > D

Damages

An amount of money stipulated in a Contract, sought by, or awarded to a Party to compensate for any loss that Party has suffered.

This loss is usually due to a Breach of Contract by another Party to the Contract.