Liquidated Damages: The Clause You Keep Deferring
A contract contains pages of promises, deadlines and obligations. But what happens when they are breached? Liquidated damages are there to make the result unambiguous. As Lord Leggatt opined, liquidated damages “substitute the certainty of a contractually agreed sum for the uncertainty of an assessment of damages by a court.” [2021] UKSC 29. “Liquidated” means […]
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