cost of completion

cost of completion definition - legal

n

A measure of damages in a breach of contract action representing the expense incurred by the nonbreaching party to complete the breaching partyÂ’s promised performance or to have the performance finished by a third party. See also damages and specific performance.

Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

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