Liquidated damages

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(Law)

damages the amount of which is fixed or ascertained.

- Abbott.

References in periodicals archive ?

AGREED LIQUIDATED DAMAGE: If successful tenderer fails to execute the order within the agreed delivery schedule, he shall be liable to pay as agreed liquidated damages a sum@ % of the contract value per week or part thereof of delay subject to a maximum of 5%.

Supply Of Stores Of 1.1/2" Sal Planks Size 2400 X 200 X 38mm

The plaintiffs targeted Trinity's practice of collecting a nonrefundable $100 ``initiation fee'' from every new tenant at the time they signed their lease, and its collection of a liquidated damage deposit equal to one month's rent.

STATE COURT'S RULING CRACKS DOWN ON LANDLORD FEES

Waiver of any schedule-related liquidated damages related to the original contract and reestablishment of liquidated damage start dates according to the settlement

United States : CB&I Announces Settlement Agreement with Cameron LNG

According to the company, the agreement resolves all past commercial issues and increases the certainty of the project schedule, which has all three liquefaction trains producing LNG in 2019; provides incentive bonus payments related to expedited project completion; as well as waiver of any schedule-related liquidated damages related to the original contract and reestablishment of liquidated damage start dates according to the settlement.

CB&I signs settlement agreement with Cameron LNG

By analyzing liquidated damages clauses in this manner, courts seek to ensure that liquidated damage provisions are "reasonable.

Measuring Mamages When a Partner leaves a CPA firm

267) And, in those cases where the defendant has intentionally injured the plaintiff and the combined compensatory damage and liquidated damage awards are above $300,000, the defendant would still have the opportunity to avoid the liquidated damages portion of this award by demonstrating good faith, as discussed further below.

The failure of punitive damages in employment discrimination cases: a call for change

Liquidated damage clauses should be negotiated between the parties.

Construction law-liquidated damages

To be enforceable, these required lease payments must be properly written as liquidated damage clauses.

Liability crash course: minimize liability; understand key legal issues

Liquidated damage clauses which are reasonable in amount are enforceable as part of a contract and are not treated as penalty clauses.

Liquidated damages or unenforceable penalty? (Rx for Physicians Caveat)

As an alternative or supplement to a restrictive covenant, physician executives should consider the use of a liquidated damage provision.

A new look at restrictive covenants

Most contracts for the sale of real estate contain liquidated damage provisions which have long been upheld by New York courts.

The risk of losing RE down payments in the current market

For example, a lease preventing a tenant from opening another store within two miles of the leased premises and providing that if the tenant did so in spite of the prohibition, then 100 percent of the gross sales at the other store would be included as gross sales from the leased premises for purposes of calculating percentage rent, may be an unreasonable and therefore unenforceable liquidated damages clause.