Definition - What does Statutory Damages mean?
Statutory damages are damages that are required to be paid in line with a pre-determined scale for certain offenses. Statutory damages are commonly used in copyright and trademark cases. The reason is because it can be difficult to know exactly how much damage the plaintiff suffered. Therefore, the statutory amounts are used to calculate what is owed.
Justipedia explains Statutory Damages
It is not always easy to determine the amount of money that should be awarded to a plaintiff in a lawsuit. Statutory damages exist to provide a reference and system for awarding damages. So, if criteria X, Y and Z are met in a lawsuit, then a corresponding statutory damage could be forced to be paid. Attorneys' fees are commonly included in statutory damages. The severity of the infringement or other offense is definitely of high significance when it comes to awarding statutory damages.