Compensation for damages/compensation for pain and suffering

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Compensation for damages/compensation for pain and suffering

What does Compensation for damages/compensation for pain and suffering?

Compensation is understood to mean compensation for material damage in the sense of compensation for actual negative effects on certain legal assets (e.g. the assets of the injured party or property owned by the injured party). If non-material damage is to be compensated in money, this is referred to as compensation for pain and suffering. There are contractually agreed as well as legally regulated claims for compensation (e.g. Section 823 BGB).

Practical example

In day-to-day business Compensation for damages/compensation for pain and suffering important role, for example when it comes to protection and legally compliant Processing of personal data.

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