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Liquidated damages
(redirected from Liquidated damages clause)

    Also found in: Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.
(Law) damages the amount of which is fixed or ascertained.
- Abbott.

See also: Liquidate



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On further appeal to the House of Lords, the Court concluded that it was a liquidated damages clause rather than a penalty clause.
Penalty clauses in Canadian contract law by Veel, Paul-Erik / University of Toronto Faculty of Law Review
The Seller should sign a CNC with no allocation of any portion of the sale price to the CNC, side by side with a liquidated damages clause that will impose an agreed upon amount of liquidated damages in the event the Seller breaches the CNC.
Strategies to Reduce Taxes in the Sale of A Business ? Covenant not ... by Dynamic Business Brokers Inc. / Business community
Given that the catch-22 turns in part on the promisee's ability to prove actual loss, it is natural to ask whether a liquidated damages clause cannot resolve it.
Contracting for cooperation in recovery by Klass, Gregory / Yale Law Journal
 
 
 
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