The amount of money established in a liquidated damages clause can be explicit or it can result from estimations depending on the size of the harm done. In the case of contractual breaches, there are normally pre-established sums of money that must be paid to the affected party. Nevertheless...
What are liquidated damages in construction? Qualifying factors for liquidated damages Date of substantial completion What is the Law of Liquidated Damages in Construction? The importance of determining fault Project contingency planning in construction How to calculate liquidated damages in construction What...
Liquidated damages refer to the damages that are previously agreed on by both parties in a contract. This provision helps avoid any ambiguity about compensation in the event one party fails to fulfill their contractual obligations. The idea behind liquidated damages goes back to Roman law where it...
Liquidated damages are meant as a fair representation of losses in situations where actual damages are difficult to ascertain. In general, liquidated damages are designed to be fair, rather than punitive. Liquidated damages may be referred to in aspecific contract clauseto cover circumstances where a...
Liquidated damages are money that is paid out in the event of a breach of contract. The purpose of liquidated damages is to...
What are special damages? In tort law, special damages aredamages like car dents or medical expenses that can actually be ascertained, and they are contrasted with general damages, which refer to damages for things like intentional infliction of emotional distress which do not have a set monetary...
What types of tort law would apply to a lawn care service? Include the doctrine of respondeat superior in your answer. What are contingent liabilities? Define liquidated damages? What is the intentional infliction of emotional distress? What is an accident according to OSHA?
What is a DSP in advertising? What are native ads? What is an advertisement? What are liquidated damages? What is a waiver of subrogation? What is trademark infringement? What is commercial paper? What is a PR stunt? What is ad copy?
There are contractual terms with meanings that are unclear or unknown to non-attorneys, and those can have an impact on the damages and remedies available in the event of a contract breach. These terms include: Default. Liquidated damages. Special damages. Requirements of a Legally Enforceable ...
Liquidated Damages are predetermined compensation amounts for a breach, while Unliquidated Damages are unspecified and determined after the breach.