liquidated damages
noun[plural]
ukusLAW
in a writtenagreement, asumofmoneythat oneperson,organization, etc. willpayto the other if theagreementisbroken:
Heagreedtopayliquidateddamagesofnearly$1.4 million.
Examplesofliquidated damages
liquidated damages
It is well established thatliquidateddamagesfor breach of contract are void if they seek to punish rather than to compensate for loss.
From
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Where the case is premised onliquidateddamages, such as a breach of a promissory note, then judgment will be entered in that amount.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.It also would have added minimumliquidateddamagesfor willful violations and punitive damages for violations committed with malice.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Thus a seller may exclude liability for consequential loss, and may agreeliquidateddamagesfor delay.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Parties may contract forliquidateddamagesto be paid upon a breach of the contract by one of the parties.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Issues related toliquidateddamages, misrepresentation, vehicle condition, contract disputes and safety certificates are the most common complaints handled.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.It is a commonplace that a seller of goods may exclude liability for consequential loss, and may agreeliquidateddamagesfor delay.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.The contract stipulated the levy ofliquidateddamagesfor the delays and the same worked out to the equivalent of 38.5 million.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Officially, demurrage is a form ofliquidateddamagesfor breaching the laytime as it is stated in the governing contract (the charter party).
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Such clauses should be distinguished fromliquidateddamagesclauses, which do not result in binding judgments against the obligor.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
- constriction
- constrictor
- construal
- construct
- constructed
- constructed wetland
- constructible
- constructing
- construction
- construction aggregate
- construction-aggregate
- constructional
- construction company
- construction crew
- construction defect
- construction equipment
- construction firm
- construction industry
- construction industry
- construction loan
- construction management
- construction permit
- construction-permit
- construction project
- construction schedule