The economic loss doctrine is a judicially created rule that prevents parties from pursuing tort claims, such as negligence or misrepresentation, when the only damages they have suffered are financial in nature and stem from a breach of contract.
The doctrine aims to maintain the distinct boundaries between contract law and tort law, ensuring that contractual remedies are used to address economic losses arising from agreements between parties.
Development Through Case Law
Wisconsin’s economic loss doctrine is among the
Continue Reading A Deep Dive into Wisconsin’s Economic Loss Doctrine