Liquidated damages
id:
liquidated-damages-281-4995097
title:
Liquidated damages
text:
Liquidated damages, also referred to as liquidated and ascertained damages (LADs), are damages whose amount the parties designate during the formation of a contract for the injured party to collect as compensation upon a specific breach. This is most applicable where the damages are intangible. An average of the likely costs which may be incurred in dealing with a breach may be used. Authority for the proposition that averaging is the appropriate approach may be taken from the case of English Ho
brand slug:
wiki
category slug:
encyclopedia
description:
Damages agreed for a delay in a contract
original url:
https://en.wikipedia.org/wiki/Liquidated_damages
date created:
date modified:
2023-09-21T19:32:21Z
main entity:
{"identifier":"Q874771","url":"https://www.wikidata.org/entity/Q874771"}
image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/5/5e/Contract_Flat_Icon.svg","width":512,"height":512}
fields total:
13
integrity:
15