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27 de jun. de 2024 · Liquidated damages are an estimate of intangible or hard-to-define losses to one of the parties in a contract. These damages are to be paid out in the case of a...
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29 de nov. de 2017 · Los liquidated damages son cláusulas en las que las partes de un contrato fijan por adelantado el importe de la indemnización por daños y perjuicios pagadera en el caso de que se produzcan ciertos incumplimientos (damages payable in the event of certain breaches).
8 de mar. de 2021 · El incumplimiento de una condición da derecho a la parte inocente a rescindir el contrato, así como a reclamar daños y perjuicios por las pérdidas sufridas. En cambio, el incumplimiento de una garantía sólo da derecho a la parte inocente a reclamar daños y perjuicios.
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 (e.g., late performance).
28 de jun. de 2017 · A liquidated damages clause lays out the amount of damages that would need to be paid to the injured party if a breach of contract were to occur. An example, liquidated damages might be paid out if one or more parties to the contract failed to perform their duties as expected.
Liquidated damages provide a clear monetary value to compensate the injured party while saving time and resources on litigation determining compensatory damages. Liquidated damages can also be used to deter parties from breaching contracts.
What are Liquidated Damages? In general, liquidated damages provisions specify a predetermined amount of money that must be paid as damages if one party fails to meet certain contractual requirements.
