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The Enforceability of a Liquidated Damages Provision
Business and Commercial Disputes By Binnall Law Group - 2020/05/15 at 09:27am
Experienced Alexandria Commercial Litigation Lawyer If you are involved in a breach of contract dispute in which the relevant agreement contains a liquidated damages provision, then you may be confused as to whether the provision is actually enforceable under the law. Depending on your position in litigation, the enforcement of the provision (which essentially establishes a “flat fee” damages amount to be paid out in the event of a contract breach) could be favorable or unfavorable to your interests. As such, it’s important to determine the likelihood of a court enforcing the provision so that you can secure a […]
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