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Phrases with «liquidated damages»

"Liquidated damages" refers to a predetermined amount of money that parties agree upon as compensation in case of a breach of contract. It helps determine a fair and reasonable sum of money upfront, instead of going through lengthy legal disputes and uncertainties later on. Full definition

Sentences with «liquidated damages»

  • A type of liquidated damages clause which is more likely to be acceptable would be for example a fixed term contract which is terminated early, and where the claim is for the balance payable for the rest of the term. (darlingtons.com)
  • The claims raised novel issues concerning the operation of liquidated damages in the context and structure of the Singapore Energy market. (tsmplaw.com)
  • Thus, for the hospital or clinic, a non-compete, restrictive covenant, or liquidated damage provision in the employment contract with the physician helps protect the investment that the hospital or clinic is making in the physician, the substantial financial risk they take on the physician, the future treatment of patients, and the future revenue stream. (lawyer-monthly.com)
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