Irreparable Harm In Contract
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Examples of Irreparable Harm:Injury to reputation or goodwill.Deprivation of constitutional rights, such as the right to free speech.Enjoining dredging operations in living coral reefs that were about to be declared a national monument.Loss by an athletic team of the services of a star athlete.More items...
Business contracts frequently contain remedy clauses whereby the parties agree that a breach constitutes irreparable harm entitling the nonbreaching party to specific performance or injunctive relief to enforce the agreement.
An injunctive relief clause is a component of a contract that specifically orders one party or both parties of the contract to refrain from doing an act that would cause harm to the other party.
The inclusion in arbitration clauses of a waiver of public injunctive relief has gained popularity generally, but such a waiver is currently unenforceable in California.
Irreparable harm is harm that would not be adequately compensated by monetary damages or an award of damages that cannot be provided with adequate compensation months later.
