What remedies can an arbitrator award?
An arbitrator in New Hampshire can award a wide range of remedies to the parties involved in an arbitration case. This can include both legal and equitable remedies. Legal remedies are typically financial damages such as compensatory damages, consequential damages, nominal damages, and punitive damages. Equitable remedies can include orders for specific performance, injunctions, rescission of contracts, and restitution. Compensatory damages are financial awards designed to make up for any losses suffered by the affected party. Consequential damages can also be awarded for any damages that arose due to the breach of contract. Nominal damages are small amounts of money awarded as a form of recognition that a wrong has occurred, while punitive damages are more severe and intended to punish the wrongdoer. Specific performance orders are issued when monetary damages are insufficient to remedy the breach. Injunctions are court orders requiring either one or both of the parties to cease their activities. Rescission of contracts can also be ordered when a contract has been entered in bad faith or a breach of contract has occurred. Finally, restitution is the return of property or money to the party who has been wronged. An arbitrator in New Hampshire can issue any or all of these remedies as appropriate for the dispute at hand. It is important to remember that arbitration is an alternative dispute resolution process that is not dependent on court action. As such, the remedies issued may be more limited than those that can be pursued in court.
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