I was reading the some contract termination terms, and came across a phrase that I could not derive the exact meaning of and it's still bothering me. Can somebody please explain 'without prejudice to damages' in other words? As far as I understand, it is a truncated version of 'without prejudice to claim for any damages', but that does not make it any more clear. I don't have the document on hand right now, but here's a short, approximate version of it:
If Y fails to do something, X reserves the right to:
- Claim for compensation for any losses incurred
- Terminate the contract (without prejudice to damages)
If I'm understanding it correctly, in other words, terminating the contract does not bar X from claiming damages as well?