Glossary entry

English term or phrase:

Compensation Cap

English answer:

maximum compensation

Added to glossary by Rafaqat Dogar
Jan 17, 2005 22:55
19 yrs ago
English term

Compensation Cap

English Law/Patents Law: Contract(s)
Current indications indicate the compensation cap will be £25,000.

Responses

+1
5 mins
Selected

maximum compensation

Whatever the accrual rate, no compensation (yearly) may go over 25000£
Peer comment(s):

agree Veronica Prpic Uhing
7 hrs
Thank you
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4 KudoZ points awarded for this answer. Comment: "Thanks a lot"
+4
1 hr

upper limit of compensation

A cap is an upper limit. (See the #5 definition in the link below)

Peer comment(s):

agree Anna Maria Augustine (X)
18 mins
Thanks
agree Veronica Prpic Uhing
5 hrs
Thanks (It was thanks. Sorry, my Japanese encoding was on)
agree Madeleine MacRae Klintebo
8 hrs
Thanks.
agree Alfa Trans (X)
16 hrs
Thanks
Something went wrong...
10 hrs

the maximum fee that may be paid

probably to a single entity (law firm) or trustee; might be the total limit to all entities/trustees, but that would depend on what it said.
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