Where the agreed damages clause represents [...], the courts will hold this to be a valid liquidated damages clause.
Answer
a genuine pre-assessment of the loss that would flow from any particular breach, and the parties stipulate accordingly in their contract that this sum shall be payable in the event of a breach
Tags
#contract #law #remedies
Question
Where the agreed damages clause represents [...], the courts will hold this to be a valid liquidated damages clause.
Answer
?
Tags
#contract #law #remedies
Question
Where the agreed damages clause represents [...], the courts will hold this to be a valid liquidated damages clause.
Answer
a genuine pre-assessment of the loss that would flow from any particular breach, and the parties stipulate accordingly in their contract that this sum shall be payable in the event of a breach
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Open it Where the agreed damages clause represents a genuine pre-assessment of the loss that would flow from any particular breach, and the parties stipulate accordingly in their contract that this sum shall be payable in the event of a breach, the courts will hold this to be a valid liquidated damages clause.
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