damages meaning law

In personal injury law, damages refer to the total monetary compensation a person is entitled to receive, by law, for having suffered bodily, emotional, or financial harm due to the negligence of another party. Liquidated Damages: Present in certain legal contracts, this provision allows for the payment of a specified sum should one of the parties be in breach of contract . In common law jurisdictions, a tort is a civil wrong that unfairly causes someone else to suffer loss or harm, resulting in legal liability for the person who commits the tortious act.Although crimes may be torts, the cause of legal action is not necessarily a crime, as the harm may be due to negligence.The following video explains what negligence is. Compensatory damages are money you will receive as compensation for an injury or accident that was caused by someone else’s negligence. The duty to mitigate damages is most traditionally employed in the areas of tort and contract law. There are many types of damages. Damages, however, is the compensation provided to a person or entity that has suffered harm or loss due to the omission or action of another. Pecuniary compensation for injuries that follow the initial injury for which compensation is sought. The terminology and classification of types of damages is varied, at times contradictory, and often confusing. The legal definitions of damage and damages mean different things. 1250-1300 Old French dam < Latin damnum (damage, fine) What are Damages In a breach of contract case, upon receiving notice that one party to a contract does not intend to perform, the other party is required to mitigate damages, meaning that it must take reasonable efforts to avoid further losses from the breach. Damages: Legal Definition. A simple monetary damages definition is as follows: Monetary damages, also known as legal damages, is the amount of money awarded to the injured and prevailing party in a lawsuit. n. the amount of money which a plaintiff (the person suing) may be awarded in a lawsuit. Damages are… EXEMPLARY DAMAGES See damages; another term for punitive damages which are awarded beyond special and general damages… NOMINAL DAMAGES See damages. To prove that a plaintiff owes you these damages you must demonstrate that: 2. Special Damages. When a court finds for a party and awards negligible damages (e.g. damages. Definition of General Damages. These damages are normally paid by the party who caused the injuries and can be imposed as a penalty, restitution, or both. Direct Damages means actual damages or losses suffered by me or any other party as a result of a direct and immediate action by you and shall not include any compensation for special, punitive, indirect, incidental or consequential damages or losses of any kind whatsoever, including but not limited to loss of profits, business or value, whether or not foreseeable. As you will know by now, contract law is based upon the freedom of the contracting parties. Financial compensation issued by a court to compensate for a breach of contract, or for injuries suffered for which no dollar value can be calculated. Damage is legally defined as a loss or harm resulting from injury to a person, property, or reputation. Tort Law. $1)… Damages in contract law can be defined as a sum of money paid to the innocent party in compensation for a breach of contract. Origin of Damages. Noun. 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