Damages will be paid to those who have suffered injury or loss due to an act of another person. There are a variety of damages that include physical, economic and emotional. Damages for compensation are awarded for injuries or economic loss, while the punitive damages will be granted to penalize the defendant for the actions of his or her accomplices like negligence. One well-known case of punitive damages is an individual who spilled hot water on her lap. The jury, in order to express a message for m&a advisory and the company, awarded the plaintiff more than three million dollars of punitive damage however, it was reduced by the judge.
Force MajeureThis clause disqualifies the participants to a contract of performing their obligations because of an unavoidable event or an unforeseen event that could not reasonably be planned or prevented or controlled.
FraudFraud can be defined as the purposeful use of deceit by one party to take away another’s rights, property, or its money, property or other rights.
Injunction Injunctions are an order from a court that requires the party in question to take action or refrain from performing any act in the face of criminal or civil sanctions.
Liability is the legal responsibility for the actions of one’s. The failure of a person or company to perform their obligations under law exposes them to lawsuits for damage. A strict liability implies that a party could be found to be to be guilty of a crime, even if there is no intention to hurt.
The term “malfeasance” refers to the act of committing The term “malfeasance” refers to an practice of doing something that is illegal or morally wrong, for example, fraud and abuse of authority by an individual or business.
Human Being In the course of a lawsuit in a lawsuit, a natural person is referred to a person as a defendant rather than an entity.
It refers carelessness, or failure to behave in a manner that an “reasonable or prudent person” would act under the same conditions. Negligence differs from deliberate wrongs, such as trespassing, assault, or even trespassing however, it can cause severe emotional, physical or financial damage.
Nonfeasance A violation of the law is delay in implementing a plan when it must be legally required.
Shareholder Agreement This form of legal contract defines what rights shareholders have. It specifies the manner and timeframe in which they may make use of their rights such as sharing rights, the right of initial refusal as well as redemption in the event of disability or death.
“Tort”. It is an unlawful act that occurs when someone else suffers injury in the form of an accident or intentional. Tort laws protect people from civil wrongful acts that are caused by individuals or companies, like in the McDonald’s case earlier.
Legal Terms in Healthcare
Advanced DirectiveAlso also known as a living trust These legal documents define the specific steps that must be taken on the patient’s behalf in the event that they be unable to make their own medical decision.
Anti-TrustIn health care, antitrust regulations have been put in place to ensure the competition of healthcare providers and executive coaching services to provide consumers with the best, most cost-effective alternatives. Antitrust laws prevent monopolization and price-fixing between healthcare institutions.
Claims regarding the federal health benefits.
False Claims Act:This law makes it illegal for a person or an organization to purposely create false claims or submit false claims regarding the federal health benefits.
HIPPA:The Health Insurance Portability and Accountability Act (HIPPA) is an act of law that guarantees the patient privacy and security of all electronic and physical medical records as well as other personal Health Information (PHI).
Informed ConsentIn the case of medical procedures, informed consent has to be granted in a voluntary manner by the patient prior to going through any treatment. For being “informed,” patients must be aware about the procedure, its possible outcomes, alternatives that are viable as well as their right to decline treatment.
Required to avoid the injury of another
Fraud:In medical care, negligence happens when a person is injured by a physician or healthcare professional because of negligence.
Standard of Care Amount of care that is required to avoid the injury of another. If the actions of an organization don’t meet the standards of care, it could be considered to be negligent.