STATUTORY DAMAGES Sample Clauses

The Statutory Damages clause establishes that, in the event of a legal violation, a predetermined amount of damages set by law will be awarded, regardless of the actual harm suffered. This clause typically applies in cases involving copyright infringement or consumer protection statutes, where calculating actual damages may be difficult or impractical. Its core function is to provide certainty and deterrence by ensuring that violators face a minimum financial consequence, thereby simplifying enforcement and reducing the burden of proving specific losses.