What does entitled to equitable relief mean?

Equitable relief is granted by a court requiring one party to either act or refrain from taking an action. A common form of equitable relief is the canceling of a contract, which ends all terms and obligations, allowing both parties to return to their pre-contract status.

Does equitable relief include damages?

These equitable doctrines and procedures are distinguished from “legal” ones. While legal remedies typically involve monetary damages, equitable relief typically refers to injunctions, specific performance, or vacatur. A court will typically award equitable remedies when a legal remedy is insufficient or inadequate.

How do you qualify for equitable damages?

An equitable remedy is typically granted with monetary compensation or when legal remedies cannot resolve the dispute or breach….This can include:

Bodily injury due to an accident.
Property damage resulting from a contractor’s negligence.
Financial losses due to fraud.

How do you get equitable interest?

The only way to have equitable interest enforced is by the Court. Let’s look more closely at this. During the buyer-seller transaction, the seller still holds the title (which is key to legal ownership), but the buyer has a legal interest in the property.

What do you need to know about equitable relief?

a statement that a breach of the agreement could result in irreparable damages or injury; an acknowledgement that legal, monetary relief would not compensate for the breach; the parties’ intent that the non-breaching party should be entitled to injunctive or other equitable relief; and that the non-breaching party will not be required to post bond.

What makes a non-breaching party entitled to equitable relief?

an acknowledgement that legal, monetary relief would not compensate for the breach; the parties’ intent that the non-breaching party should be entitled to injunctive or other equitable relief; and that the non-breaching party will not be required to post bond. Guidance Courts Can Award Equitable Relief to Prevent Irreparable Harm

Who is entitled to injunctive and other equitable relief?

By reason thereof, the Executive agrees that the Company shall be entitled, in addition to any other remedies it may have under this Agreement or otherwise, to injunctive and other equitable relief to prevent or curtail any breach of this Agreement by him/her. Equitable Relief.

Can a court award equitable relief for irreparable harm?

Courts Can Award Equitable Relief to Prevent Irreparable Harm Equitable relief is a concept that comes to the U.S. legal system from the English common law,and is in contrast to legal relief, that is, monetary relief, the simple award of money to compensate the injured party.

What is injunctive vs. equitable relief?

Generally speaking, equitable relief is when a court issues any form of relief other than monetary damages. Injunctive relief is a form of equitable relief where a court orders a party to do something or to refrain from doing something…

What is an example of an equitable remedy?

One example of an equitable remedy is an injunction. An injunction is granted when money wouldn’t be enough to make the plaintiff whole again; in other words, if the defendant does something unfair and money can’t fix it, an equitable remedy is more appropriate.

What are equitable remedies?

Equitable remedy. Jump to navigation Jump to search. Equitable remedies are judicial remedies developed by courts of equity from about the time of Henry VIII to provide more flexible responses to changing social conditions than was possible in precedent-based common law.

What is the difference between legal and equitable remedies?

Legal remedies are ones that allow the party not in breach to recover money, whereas equitable remedies involve resolution through non-monetary solutions. Equitable Remedies. Equitable remedies are actions rather than a financial award. They are often granted when monetary compensation or other legal remedies do not provide an adequate resolution.