Meta Description Discover what punitive damages are, how they differ from compensatory awards, and the high bar of proof—malice, fraud, or gross negligence—required to obtain them in a civil lawsuit. Learn about the purpose of punishment and deterrence in tort law. In the realm of civil litigation, most cases revolve around compensatory damages, which aim […]
Understanding Contractual Risk Allocation For business owners and contract managers, a contract is more than an agreement—it is a tool for managing uncertainty. Contractual risk allocation is the strategic process of identifying potential risks and assigning the responsibility for those risks to one or both parties. This proactive step is crucial for minimizing financial exposure,
The Essential Guide to Usury Laws Usury laws define the maximum legal interest rate a lender can charge, protecting consumers and businesses from excessively high-cost loans and predatory lending practices. This post explores the state-specific nature of these regulations, major exemptions for financial institutions, and the severe penalties for non-compliance. The concept of usury—lending money