Injunction

From The Jolly Contrarian
Revision as of 11:02, 19 January 2020 by Amwelladmin (talk | contribs)
Jump to navigation Jump to search
The Jolly Contrarian’s Glossary
The snippy guide to financial services lingo.™
Index — Click the ᐅ to expand:
Tell me more
Sign up for our newsletter — or just get in touch: for ½ a weekly 🍺 you get to consult JC. Ask about it here.

The injunction is an equitable remedy that originated in the English courts of equity to provide redress for wrongs for which an award of money damages doesn’t quite scratch the itch. An injunction can be given only when there is "no adequate remedy at law." So, “M’lud I don’t want money. I want him to stop doing what he’s doing, that he promised he wouldn't.” Obvious examples where this principal is fairly self-evidently so are confidentiality obligations.

The common conception, at least among the draughtspeople of confidentiality agreements, is that expressly acknowledging that one’s contractual obligations are not of the type where damages will be an adequate remedy improve a litigant’s odds of winning an injunction later. It is common see confidentiality agreements do just that.

But — and here’s the snippy bit — in the commercial world, anything of value is meant to be quantifiable in the dollars and sense. Homo economicus’ view might be blinkered, it might be philistine — but it conforms to classic economics theory. So in one sense if the right you feel has been infringed, it can’t have been very valuable.

See also