Liquidated Damages
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Definition
A predetermined amount of damages agreed upon by parties in a contract, to be paid in the event of a breach of the contract, intended to compensate the non-breaching party for losses that are difficult to quantify.
Class Relationships
Parent(s)
Is Defined By
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See Also
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Children 0
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Translations
Class Hierarchy Visualization
Interactive graph showing class relationships - click on any node to navigate to that class
Additional Information
Metadata
Comment
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Description
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Notes
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Editorial Information
History Note
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Editorial Note
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Identifier
N/A
Deprecated
No
Source and Origin
No source or origin information available