{"iri":"https://folio.openlegalstandard.org/R8gVw3PYPaZJ9kce3wE60ag","label":"Liquidated Damages Clause","sub_class_of":["https://folio.openlegalstandard.org/RDe0RKU39BlhcyACJW30ZLc"],"parent_class_of":[],"is_defined_by":null,"see_also":[],"comment":null,"deprecated":false,"preferred_label":null,"alternative_labels":[],"translations":{"fr-fr":"Clause de pénalités","es-es":"Cláusula de Daños y Perjuicios Liquidados","es-mx":"Cláusula de Daños y Perjuicios Liquidados","pt-br":"Cláusula de penalidades","en-gb":"Liquidated Damages Clause","de-de":"Vertragsstrafenklausel","he-il":"סעיף פיצויים מקובלים","hi-in":"लिक्विडेटेड डैमेज क्लॉज","zh-cn":"违约赔偿条款","ja-jp":"違約金条項"},"hidden_label":null,"definition":"A liquidated damages clause is a provision in a contract that specifies the amount of damages that will be paid in the event of a breach of contract, where the actual damages are difficult to determine.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}