Damages and Compensation

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January 1, 1 5 min read Definitions
Liquidated Damages
Liquidated Damages Breach of Contract Contract Terms Legal Remedies Construction Law Real Estate Law Damages and Compensation
Liquidated damages are a predetermined sum agreed upon in a contract which one party will pay to the other in the event of a breach of contract. This provision aims to cover the non-breaching party's estimated losses without requiring a legal battle.
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