Liquidated damages


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Related to Liquidated damages: Unliquidated damages
(Law) damages the amount of which is fixed or ascertained.
- Abbott.

See also: Liquidate

References in periodicals archive ?
Waiver of any schedule-related liquidated damages related to the original contract and reestablishment of liquidated damage start dates according to the settlement
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.
01 in liquidated damages on Comfac for its failure to deliver some of the pieces of furniture and fixtures on time.
It is settled law in most common law and western jurisdictions that demurrage is considered a claim for liquidated damages.
Chief amongst these mechanisms are liquidated damages clauses that seek to give to an event of breach of the contract at an unpredictable time with unpredictable consequences, certain quantification.
These provisions, unfortunately sometimes referred to as "boilerplate," include remedies restrictions, liquidated damages, warranty disclaimers and limitations on liability.
Bases resulting in zero valued payment certificates include a minimum sum to be due before payment is required and the ability to set-off accrued liquidated damages against payments falling due resulting in the payment being extinguished.
a "liquidated damages clause") quantify the economic remedy to the firm in the case of the breach of a nonsolicitation or nonservice provision--that is, a liquidated damages clause is an estimate, made by the parties at the time they enter into their agreement, of the extent of the injury that the firm will probably sustain as a result of a breach.
EOS and NMT have worked closely together to resolve MRO telescope completion issues, but the potential for liquidated damages to be applied against EOS by NMT had given rise to a specific note (Note 27(a)) relating to a contingent liability in EOS audited financial statements as at 31 December 2009.
Liquidated damages are a means of making the sanction for breach explicit within a contract.
Specifically, I recommend that we adopt and implement a model similar to the liquidated damages provision in the Age Discrimination in Employment Act (ADEA) (226) and Fair Labor Standards Act (FLSA) (227) as part of Title VII in place of the current system.
The bill also permits landlords to recover liquidated damages or early termination fees if they are provided for in the rental agreement.