Guam Complaint for Specific Performance to Enforce Settlement and for Punitive Damages

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Multi-State
Control #:
US-03187BG
Format:
Word; 
Rich Text
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Description

A settlement agreement is an agreement to terminate, by means of mutual concessions, a claim which is disputed in good faith. It is an amicable method of settling or resolving bona fide differences or uncertainties and is designed to prevent or put an end to litigation. Public policy favors settlement of litigation. It is well-settled public policy that settlement agreements are highly favored and will be enforced whenever possible.


Courts consider a settlement agreement as a contract, and construction and enforcement of settlement agreements are governed by principles of contract law. Accordingly, a settlement agreement is enforceable if the elements of a contract are present: "An agreement;
"Between competent parties;
"Based upon the genuine assent of the parties;
"Supported by consideration;
"Made for a lawful objective; and
"In the form required by law.

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  • Preview Complaint for Specific Performance to Enforce Settlement and for Punitive Damages
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FAQ

Compensatory And Punitive Damages The compensatory damages awarded to plaintiffs are designed to give justice to them after being wronged. Punitive damages are designed to prevent others from being hurt by the same or similar actions.

In order for punitive damages to be awarded, the following conditions must be met: Another form of damages must first be awarded to the plaintiff. It is not possible for punitive damages to be the only form of damages. The action that caused the incident must have been the result of malice and not neglect.

Punitive damages are only available when a defendant's conduct was fraudulent, intentional, or willful and wanton. Defendants who engage in such conduct are considered to have recklessly disregarded the substantial and high degree of risk that someone else might suffer severe injuries because of their behavior.

418, the California Supreme Court articulated 'three guideposts' for courts reviewing punitive damages: ?(1) the degree of reprehensibility of the defendant's misconduct; (2) the disparity between the actual or potential harm suffered by the plaintiff and the punitive damages award; and (3) the difference between the ...

Compensatory damages are awarded to benefit the plaintiff and to help him or her cover the costs of an accident and/or injury. Punitive damages are awarded to punish the defendant.

Compensatory And Punitive Damages The compensatory damages awarded to plaintiffs are designed to give justice to them after being wronged. Punitive damages are designed to prevent others from being hurt by the same or similar actions.

Examples of General Compensatory Damages Mental anguish. Disfigurement. Future medical expenses. Future lost wages. Long-term physical pain and suffering. Loss of consortium. Inconvenience. Loss of enjoyment of life.

Although your compensatory damages amount should cover all of your incurred expenses, the punitive damages amount is additional money awarded specifically as punishment for the defendant. For this reason, it is possible for you to receive both.

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Guam Complaint for Specific Performance to Enforce Settlement and for Punitive Damages