Also reliance damages may be the only recovery possible if loss of profits is not provable because the business is new or has no profit record. In Texas, two types of interest are generally available. Post-judgment interest is available once a judgment is obtained. For the past several years the post-judgment interest rate has been 10 percent per annum, compounded annually. Judgments earn interest from the date rendered until the day they are satisfied.
All lawsuits are eligible for post-judgment interest.
Prejudgment interest is usually, but not always, available in a business case. Business contracts often have specific clauses providing for the recovery of interest if there is a breach. If a contract specifies a rate of interest, the courts will award that rate of interest, subject only to the usury limitation. If the contract provides for the recovery of interest, but does not specify a rate, the courts will apply the rates in art. 5069-1.03 of the Texas Revised Civil Statutes.