What are damages?

Damages

In law, damages are an award, typically of money, to be paid to a person as compensation for loss or injury;. The rules for damages can and frequently do vary based on the type of claim which is presented (e.g., breach of contract versus a tort claim).

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Some articles on damages:

State Farm V. Campbell
... Court held that the due process clause usually limits punitive damage awards to less than ten times the size of the compensatory damages awarded ... suffered by the plaintiff and the punitive damages award and the difference between the punitive damages awarded by the jury and the civil penalties authorized or imposed in comparable cases ...
Stan Smith (economist)
... the arguments that launched the hedonic damages theory into the mainstream of legal economics in the 1985 court case Sherrod v ... nationwide on all issues of economic damages, from commercial damages (antitrust, patent and business valuation, breach of contract, etc.) to personal injury damages ...
Suisse Atlantique Societe D'Armament SA V NV Rotterdamsche Kolen Centrale - Judgment
... of construction, the contract contemplated the possibility of delay and fixed damages ("demurrage") to compensate the owners for that delay ... the ship owners were only entitled to claim the demurrage of $1000 per day, not their actual damages ... so the party could not rely on a clause in the contract limiting their liability for damages ...
Solatium - Scots Law
... In this respect it is similar, but not identical, to the English law concept of general damages Scots law damages are divided into pecuniary and non-pec ...

Famous quotes containing the word damages:

    According to the law of nature it is only fair that no one should become richer through damages and injuries suffered by another.
    Marcus Tullius Cicero (106–43 B.C.)