Browsing All posts tagged under »Contract Negotation«

Liquidated Damages

January 13, 2015

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In some of the commercial contract negotiations that I involved, there are lengthy discussion on liquidated damages clause is always contentious between the parties. What is ‘liquidated damages’? It is a fixed and contractually agreed sum of money which is payable by the defaulting party, or a genuine pre-estimate of the actual loss that an […]