What is the legal definition of award?
Asked by: Dr. Enos Johns II | Last update: April 26, 2025Score: 4.8/5 (31 votes)
What does Award mean? Generally, a final, binding decision of the arbitral tribunal on the substantive dispute between the parties. Arbitral awards may also be interim (ie they have temporary, not final, effect) and partial (ie deciding one or more, but not all, of the issues in the dispute on a final, binding basis).
What is an award in legal terms?
An award is defined as a final judgment or decision . Generally, an award will include a declaration that one party owes another a certain amount of money. Although the term often refers to the decisions of arbitrators and juries , it can also refer to the decisions of judges .
What classifies as an award?
An award may be a public acknowledgment of excellence without any tangible token or prize. Awards for sports tournaments often take the form of cups, following a tradition harking back to the ancient Greek tripod given to winners in athletic contests. The Stanley Cup is a modern example.
What is the full meaning of award?
1. : to confer or bestow as being deserved or merited or needed. award scholarships to disadvantaged students. 2. : to give by judicial decree or after careful consideration.
Is award the same as judgement?
Judgments determine whether defendants are liable for damages. Awards state exactly how much in damages defendants must pay. More simply, judgments are decisions on whether defendants are actually at-fault and awards are monetary amounts. Judges, arbitrators, or mediators determine awards after issuing judgments.
"Compensatory award" - Legal Definition
What is an award in a lawsuit?
If the case is taken to trial and the plaintiff wins, then the defendant is ordered to pay the plaintiff, then it's considered an award.
Is an award a recognition?
Awards are tools for motivating, recognizing, and rewarding employees.
What are the three types of awards?
The different types of national awards are: Civilian Awards. Military Awards. National Sports Awards.
What is an award?
An award is a legally binding document made and varied by the Fair Work Commission (FWC). An award contains the minimum terms and conditions of employment which apply across an industry. In general, an award applies to employees in a particular industry or occupation.
What is the other meaning of award?
Some common synonyms of award are accord, concede, grant, and vouchsafe. While all these words mean "to give as a favor or a right," award implies giving what is deserved or merited usually after a careful weighing of pertinent factors. awarded the company a huge defense contract.
What is an award equivalent to?
An Award is defined as a qualification that requires up to 130 hours to complete, and is equal to 13 credits.
What are the four awards categories?
With the 2025 Grammy nominations officially released, it's time to dive into the “big four” categories: Album of the Year, Record of the Year, Song of the Year, and Best New Artist.
Is a certificate an honor or award?
Certificate is specified as the type of academic distinctions earned by or awarded to the student. Honor award is specified as the type of academic distinctions earned by or awarded to the student.
What is the rule of law award?
The award recognizes individuals and organizations that make a national impact on the justice system and preserving the rule of law in the categories of judicial independence, justice system reform, or public awareness of the justice system.
What is an award and what is an agreement?
Enterprise agreements are often similar to awards, but they cover a specific business or businesses. They may also have some terms and conditions that are different from the award. If an agreement applies to an employee, the modern award does not apply even if it covers them.
What is the court of awards?
A Court of Awards ceremony honors Girl Scouts' accomplishments. They are presented with their badges, year pins, and other recognitions earned during the year. Volunteers may also be recognized during the ceremony.
What is the difference between a contract and an award?
Under a subaward, the award recipient transfers its responsibility to perform part of the project to another party. In contrast, a contract is designed to provide goods or services for the recip- ient's own use. For example, an agreement to purchase research supplies for the award recipient's use is a contract.
What is award interpretation?
Award interpretation for modern awards is the process of understanding and applying the terms and conditions of an industry or occupation-specific award to the workforce. This involves interpreting the various clauses and provisions of awards to determine entitlements and obligations under the award.
What are the 4 different awards?
EGOT is an acronym for the four biggest awards ceremonies in the entertainment industry, the Emmy Awards, Grammy Awards, Oscars or Academy Awards, and Tony Awards.
What are the 5 main awards?
At the Academy Awards, the so-called "Big Five" awards are those for Best Picture, Best Director, Best Actor, Best Actress, and Best Screenplay (either Best Original Screenplay or Best Adapted Screenplay).
What is awards & Recognition?
Rewards and Recognition is a system where people are acknowledged for their performance in intrinsic or extrinsic ways. Recognition & Reward is present in a work environment where there is appropriate acknowledgement and appreciation of employees' efforts in a fair and timely manner.
What is the highest civilian award?
'Bharat Ratna', the highest civilian Award of the country, was instituted in the year 1954. Any person without distinction of race, occupation, position or sex is eligible for these awards. It is awarded in recognition of exceptional service/performance of the highest order in any field of human endeavour.
Is recognition a compensation?
In other words, the currency of recognition is almost always anything but cash. That distinction helps clarify the debate between cash and tangible awards. If your goal is to compensate people for extra performance, offer cash.
Can an award be a reward?
While a reward is made to encourage a certain behavior or action, awards are provided to honor a person's exceptional performance or achievement. Rewards can be either informal or formal (personalized card or public announcement), while awards are usually formal (ceremony or public announcement).
What is the Civilian Special Act or Service award?
Special Act or Service Awards (SASA) A SASA is a cash award given to recognize a meritorious personal effort, act, service, scientific or other achievement accomplished within or outside assigned job responsibilities. All appropriated fund employees are eligible for this award.