FOLIO Ontology

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Identification

IRI:
https://folio.openlegalstandard.org/R8A4jLWkG2KpI6wfAznsSCx
Label Remittitur
Preferred Label N/A
Identifier N/A
Alternative Labels
Court-Ordered Damages Decrease Decreased Damages Award Judicial Reduction In Damages

Definition

Remittitur refers to a court's power to reduce the amount of damages awarded by a jury if the judge finds the award excessive. This practice is used to prevent the need for a new trial by offering the plaintiff the option to accept a lower amount.

Class Relationships

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Additional Information

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