Liquidated damages: Difference between revisions
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imported>Doug Williamson m (Category added 9/10/13 and spacing) |
imported>Doug Williamson (Add example.) |
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A clause in a contract stipulating the damages payable in the event of breach. | A clause in a contract stipulating the damages payable in the event of breach. | ||
A common example is liquidated damages in the event of delay. | |||
