A car rental agreement may contain a clause that imposes a fee on renters who return the car later than they agreed. Legal Terms Similar to Liquidated Damages Damages: The compensation paid to someone who's suffered injury, harm, or loss due to another person's action. Penalty: A payment ...
Liquidated damages in construction contracts provide a pre-agreed compensation for project delays. To be enforceable, these damages must be a reasonable forecast of expected losses and not a penalty. Calculation should be based on quantifiable losses such as lost rental income, additional supervision ...
协定违约金liquidated damages 双语例句 1. Terminate agreement in advance, charge 80 % of the unfulfilled rental rate. 提前终止协议, 应支付相当于剩余合同期租金总额80%的违约金。 —— 给力词典精选 2. Therefore in recognized when penalty first must follow litigant´s meaning autonomously. " ...
Over the years, however, liquidated damages have been assessed in quite an arbitrary way that bears no relationship to the losses suffered. Usually, they are calculated as a percentage of the contract value and vary with the number of days or weeks for which the goods have been delayed. ...
The court also set specific project milestones, and the Massachusetts Water Resources Authority (MWRA) then established liquidated damages that would result from the contractors missing those deadlines. To calculate the amount of the damages, MWRA proportionally broke down each contractor agreement to ...
Without a liquidated damages provision in the purchase agreement, what is the seller entitled to recover?Breach of Contract:A breach, in general, refers to breaking a promise that has been earlier made. In the case of a contract, a party is said to be in ...
For this reason, it is important to analyze what the owner’s actual damages would be. Such items as lost revenue, extended financing costs, additional rental expenses, lost reputation damages, and lost opportunity costs should be considered. I recommend that the items included in the calcul...