# Liquidated Damages

**IRI:** https://folio.openlegalstandard.org/RBA52cjyeFhnjSJD6qnT1DM

## Labels

**Translations:**

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

## 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.

## Sub Class Of

- https://folio.openlegalstandard.org/RouKBMqFNMZxi21EPh6JJ6

**Deprecated:** False