WebFeb 21, 2011 · Remember that damages is not the plural of damage, but actually has a different meaning.. Damage means “loss or injury to a person or property”. It is an uncountable singular noun and has no plural form.. E.g.: The cost of the damage to the US caused by Hurricane Ike was estimated at USD 18 billion.. Other words you could use … WebMar 21, 2024 · Indemnity also holds meaning in corporate law. Here, an indemnity refers to an agreement that holds board directors free from any personal liability claims if the company they serve ever gets sued. ... In an insurance contract, the insurer on the indemnitor promises to cover or compensate the indemnitee for any damages incurred. …
Indemnity: What Is It? Types and Examples - ContractsCounsel
WebDamage incurred sounds better to me, and I was also thinking about inflicted, ... To resolve the appeal, the circuit court had to construe the meaning of "incurred" under New York … WebJul 9, 2024 · Compensatory and Punitive Damages. There are two main types of damages: compensatory and punitive. Judges or juries award compensatory damages in an effort … holiday inn express sports complex kc
Incur definition and meaning Collins English …
WebDamages are distinguishable from costs, which are the expenses incurred as a result of bringing a lawsuit and which the court may order the losing party to pay. Damages also … Webn. 1 injury or harm impairing the function or condition of a person or thing. 2 loss of something desirable. 3 Informal cost; expense (esp. in the phrase what's the damage?) vb. 4 tr to cause damage to. 5 intr to suffer damage. (C14: from Old French, from Latin damnum injury, loss, fine) ♦ damageable adj. WebSep 20, 2024 · Liquidated Damages – The Basics. Liquidated damages provisions are included in many modern private and public construction contracts as a convenient way for owners and contractors to allocate and define their risk in the event of a breach. Construction industry participants would be well served to have a firm grasp on the … hugo boss american golf