Copyright — Damage— - Statutory Damages refer to monetary damages awarded for copyright infringement that are set by law, and are independent of any actual damages or losses suffered by the copyright holder. Statutory damages are specified by the Copyright Act, and are awarded to the copyright holder in lieu of compensatory damages. Statutory damages are intended to discourage infringement and to ensure that copyright holders are compensated for their losses. There are three main types of statutory damages for copyright infringement: Actual Damages, Statutory Damages, and Punitive Damages. Actual damages are damages that are based on the actual losses suffered by the copyright holder, such as lost profits or lost sales. Statutory damages are damages that are awarded to the copyright holder according to a set amount specified by the Copyright Act. Punitive damages are damages that are awarded to punish the infringed, and are awarded in addition to actual and statutory damages.
Copyright - Damages - Statutory Damages
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