Breach of Contract Remedies Tort Remedies
Breach of Contract Remedies
Compensatory Damages Definition
Compensatory damages are paid with the intent to compensate the claimant for loss, injury or harm. Compensatory damages put the Plaintiff in the position they would have been in but for the Defendant's wrong.
Punitive Damages Definition
Punitive damages are also called "exemplary damages" and are awarded in addition to compensatory damages. Punitive damages are intended to to punish a wrongdoer who has acted willfully, maliciously or fraudulently.
- Damages
- Specific Performance
- Rescission
Compensatory damages and punitive damages may be awarded if a breach of contract claim is proven. First the compensatory damages definition will be presented. Next, a punitive damages definition will be provided.
Compensatory Damages Definition
Compensatory damages are paid with the intent to compensate the claimant for loss, injury or harm. Compensatory damages put the Plaintiff in the position they would have been in but for the Defendant's wrong.
Punitive Damages Definition
Punitive damages are also called "exemplary damages" and are awarded in addition to compensatory damages. Punitive damages are intended to to punish a wrongdoer who has acted willfully, maliciously or fraudulently.
Tort Damages
Nominal Damages Definition
The nominal damages definition is also vital in the determination of monetary awards. Nominal damages are awarded when an injured Plaintiff does not incur an actual monetary loss yet the judge wants to show that the party that won the case was in the right.
Nominal damages are rare in contract cases because breaches of contract typically involve some type of loss to one party however they may be awarded in tort cases that cross over with breach of contract cases.
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| Compensatory Damages Definition |
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