Liquidated Damages

Liquidated Damages - 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 Information

JSON JSON-LD OWL XML Markdown

Identification

Label (rdfs)
Liquidated Damages
Preferred Label
None
Alternative Labels
N/A
Identifier
N/A

Definition and Examples

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.
Examples
  • N/A

Translations

pt-br
Cláusula penal
es-es
Daños y perjuicios liquidados
es-mx
Daños y perjuicios liquidados
fr-fr
Dommages et intérêts liquidés
en-gb
Liquidated Damages
de-de
Vertragsstrafen
he-il
פיצויים מקובלים
hi-in
लिक्विडेटेड डैमेज़
zh-cn
违约金
ja-jp
違約金

Class Relationships

Sub Class Of
Parent Class Of
  • N/A
Is Defined By
N/A
See Also
N/A

Additional Information

Comment
N/A
Description
N/A
Notes
  • N/A
Deprecated
False

Metadata

History Note
N/A
Editorial Note
N/A
In Scheme
N/A
Source
N/A
Country
N/A

Graph