SettlementBoard.com News, Articles and Information for Legal Junkies

15Sep/110

The Difference between Compensatory and Punitive Damages

Dealing with any accidental injury can be stressful—and the stress increases when the victim knows the accident was avoidable, if someone else had only exercised reasonable care.  Particularly in the case of serious injuries, it is common to want to see the negligent parties punished for their acts.  While injury victims can generally pursue compensatory damages for a variety of expenses related to their injuries, it is also sometimes possible to pursue punitive damages.

California State University  offers a detailed explanation of the differences between compensatory and punitive damages.  In general, the difference between the two pertains to the nature of the act that caused injury, as follows:

  • Compensatory damages pay injury victims for all costs related to their injuries.  In addition to past, current, and future anticipated medical expenses, these can include, but are not limited to, time lost from work, loss of earnings ability due to a permanent disability, costs related to personal and family care during recovery, or even pain and suffering
  • Punitive damages, in addition to compensatory damages, only apply in certain types of situations.  As the name implies, the intent of these damages is to punish defendants for reprehensible behavior, and deter them from repeating similar offenses in the future.  One example is when a defendant commits a crime that causes injury.  While the defendant answers for the act in criminal court, victims can sue in civil court.  Moreover, the criminal court decision has no bearing on the civil court decision—the two cases are separate and distinct

It probably seems clear that punitive damages do not make sense in most cases unless the liable party performed a willful act that caused your injury.  However, compensatory damages can provide the funds you need to avoid out-of-pocket expenses, even if serious injuries affect the rest of your life.

In and around Indiana as early as your initial consultation, an experienced Phildadelphia personal injury attorney can often accurately predict the compensation you can expect for your case—whether you pursue compensation from insurance claims, an out-of-court settlement, or a jury trial.  In addition, your attorney can determine if punitive damages make sense.

12Sep/110

Legal Aspects to Starting a Business in Maricopa County

Business law, unlike other laws, does not apply to an individual but to a business entity. A business law attorney with experience and expertise can help corporations and partnerships in a number of ways, including:

• Conceiving and starting a business
• Legal issues related to small business
• Alternative dispute resolution
• Buying or selling a business
• Dissolving a business
• Dissolutions and partnership disputes
• Contracts creation and management
• Transactions
• Franchising related matters
• Organizational engineering and legal processes
• Protecting intellectual property involved in the business
• Personal Asset Protection

Any of your business related legal issues in Maricopa County, can be resolved by consulting a Maricopa County business law attorney.

The business regulatory rules are dynamic in Arizona State and many business opportunities are available in the Phoenix and Tucson areas. Look for an experienced business law attorney who is adept not only at staying on top of your business legal problems, but who keeps on top of the latest changes in the law. Listed below are some of the major issues when considering the start up of a business entity:

• Selection of the right business structure, whether a corporation or partnership
• Understanding of the tax consequences of your business type
• Drafting of organizational documents, bylaws, and documents for business operations
• Learning various rules and regulations one might face in the business

To guide you through your business decisions, it is intelligent to choose a lawyer who is an expert in business law and knowledgeable about accounting and tax planning.

 

12Sep/110

Intellectual Properties and U.S Laws

A recent intellectual property case concerned a famous entertainment company fighting against two American celebrity nightclub operators for its trademark rights.

Some background

Kraze entertainment had a license agreement with Pan Av and a lease agreement with MBS, both of which are operators of American celebrity night clubs. Pan Av terminated the license agreement which stated that Kraze had the exclusive right to use the Pan Av trademark. MBS subsequently cancelled the lease agreement with Kraze.

Kraze’s legal fight

Now Kraze has filed a case against MBS, Pan Av, and their shareholders. As per the suit filed, Kraze seeks a court order for the alleged termination of the license agreement on trademarks to be deemed unlawful and invalid. Also Kraze has stated that MBS acted unreasonably by cancelling its lease with Kraze on very short notice.

Trademark laws govern issues related to trademark infringements. When problems occur, one should consult an experienced and skilled trademark and patent lawyer. Trademarks and patents are intellectual properties that need close legal attention. Failure to do so can affect reputations and profits.

Licensing agreements are important legal document since they define the terms and conditions of any deal involving the related parties. Hence it is essential to devise a strong license agreement with the help of a lawyer experienced with U.S trademark laws.

If you intend to profit from your intellectual property rights, ensure you draft a proper license agreement with fair terms and clauses.

 

12Sep/110

Claiming Pain & Suffering damages under New Hampshire Personal Injury

Personal injury law in New Hampshire, like elsewhere in the U.S., is a tort law concerning injuries suffered by an individual. Such injuries can be physical, emotional, mental, or financial. If you or a loved one is injured due to faulty or negligent medical care, injured in the workplace, or disabled by an automobile accident, you have the right to seek compensation for damages.

In most cases, you have up to three years from the date of an injury to file for damages in New Hampshire. Yet, this time window can differ according to the circumstances of your case. Your personal injury attorney in New Hampshire can guide you through the process.

Information in this post gathered in association with a Wilmington personal injury attorney

The first steps…

• Seek medical attention first for your injuries.
• Do not discuss your case with anyone before you retain an attorney to represent you.
• Be aware any statement you make during this time may be used against you in the future if you choose to pursue a personal injury lawsuit.

Pain and suffering is a legal term describing the physical and emotional stress caused by a personal injury. Under New Hampshire law, a personal injury victim can claim compensation for pain and suffering, but it can be challenging to determine a monetary value—there is no defined method to calculate it. Hence, every case is unique and requires a thorough evaluation to arrive at a fair compensation value for your pain and suffering.

Pain and suffering refers not just to the day of the accident and the days immediately following, but also to everything a victim suffers in the following months and years as a direct result of the accident. A skilled and experienced personal injury lawyer can establish what fair compensation should be.