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Sep 12, 2024 · Whether it’s compensatory damages to compensate for financial losses, punitive damages to punish egregious conduct, special damages to reimburse specific out-of-pocket expenses, or nominal damages to acknowledge a violation of legal rights, each type of damages serves a specific purpose in the legal system.
1 day ago · Breach of contract damages are paid to cover losses when one side (a.k.a. the breaching party) doesn’t hold up their end of a deal. These payments should compensate the non-breaching party, and hopefully put them back on track financially, as if the breach never happened.
2 days ago · It is crucial for plaintiffs to understand the difference between these types of damages because the way to document and prove economic damages is completely different from the way to document and prove non-economic damages. Both of these types of damages play a significant role in determining fair compensation.
2 days ago · The primary purpose of punitive damages is to deter individuals and entities from engaging in harmful behavior by imposing financial penalties that go beyond simple compensation. Punitive damages serve as a warning, signaling that certain actions carry severe consequences.
Sep 16, 2024 · Learn about the key principles and practical considerations of damages for breach of contract in England. Find out how to calculate and claim expectation, reliance, restitutionary, liquidated and other damages.
Sep 24, 2024 · Damages are divided into a number of categories upon which the recovery may be based, such as: (1) Compensatory Damages for the purpose of making a person “whole again” (put back in the position which existed before the loss or harm). Compensatory damages can be divided into two sub-categories;
3 days ago · Follow the latest news and comprehensive coverage on damages at CNA.
