Legal Memorandum: Damages for Loss of Opportunity in IL

Issue: Under Illinois law, is a small business owner entitled to recover damages for loss of opportunity?

Area of Law: Business Organizations & Contracts, Litigation & Procedure
Keywords: Damages for loss of opportunity; Small business owner
Jurisdiction: Illinois
Cited Cases: None
Cited Statutes: None
Date: 09/01/2015

Illinois law recognizes loss of opportunity as an item of damages for a small business owner.  See Hill v. Names & Addresses, Inc., 212 Ill. App. 3d 1065, 1081-82 571 N.E.2d 1085, 1995 (1991) (holding that the court did not err in awarding damages for lost business opportunities).


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