Browsing All posts tagged under »Liquidated Damage;«

Liquidated Damages

January 13, 2015


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 […]