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Simple English definitions for legal terms
de melioribus damnis
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A quick definition of de melioribus damnis:
Term: DE MELIORIBUS DAMNIS
Definition: De melioribus damnis is a Latin phrase that means "of better damages." It refers to the idea that sometimes, in order to improve a situation, some losses or damages may be necessary. It is important to weigh the potential benefits against the costs before making a decision.
A more thorough explanation:
Definition: De melioribus damnis is a Latin phrase that means "of better damages." It refers to the idea that sometimes it is better to suffer a small loss now in order to avoid a larger loss in the future.
Example: A company may choose to invest in new technology even though it will cost them money in the short term. However, they believe that the long-term benefits of the technology will outweigh the initial costs.
Explanation: In this example, the company is willing to incur a small loss (the cost of the new technology) in order to avoid a larger loss in the future (losing market share to competitors who have adopted the new technology). This is an example of de melioribus damnis in action.