Virginia § 8.01-221.1 - Unestablished business damages; lost profits

Full text of Virginia Code of Virginia § 8.01-221.1 — Unestablished business damages; lost profits, with citation guidance and answers to common questions.

§ 8.01-221.1. Unestablished business damages; lost profits

Damages for lost profits of a new or unestablished business may be recoverable upon proper proof. A party shall not be deemed to have failed to prove lost profits because the new or unestablished business has no history of profits. Such damages for a new or unestablished business shall not be recoverable in wrongful death or personal injury actions other than actions for defamation.

2002, c. 624.

Source: official Virginia text · Last verified 2026-08-27

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Frequently Asked Questions About Virginia § 8.01-221.1

What does Code of Virginia § 8.01-221.1 cover?

Section 8.01-221.1 ("Unestablished business damages; lost profits") is part of the Code of Virginia, the codified statutory law of Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Virginia § 8.01-221.1?

A common citation format is "Code of Virginia § 8.01-221.1" (Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Virginia law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.

How does Virginia § 8.01-221.1 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Virginia.