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liquidated damages in a sentence

Liquidated damages are widely used in construction contracts—so widely used that many contractors may lose sight of legal defenses available to an assessment of liquidated damages. It would follow therefore that sums were due by way of either liquidated and ascertained damages for delay or at least damages for delay. ‘It would not be equitable set-off because they are a mixture of liquidated and unliquidated damages that are not flowing from the same transaction.’ ‘The issue raised is much more in the nature of a counterclaim for unliquidated damages.’ ‘In contrast the claim against PW is for unliquidated damages for professional negligence.’ Another way of looking at liquidated damages, is that it is the price the contractor must pay per day for working beyond the required completion dates. Liquidated damages are a fact of life when it comes to construction contracts. If, however, as is more often the case, the owner or the owner's consultants contribute to the delay in the completion, then enforcement of the clause becomes problematic for several reasons. Vide Damages liquidated. Liquidated damages clauses specify the amount of damages to be paid by the breaching party in the event of certain types … Liquidated damages. They come from many sources and are not checked. Found 28 sentences matching phrase "liquidated encumbrance".Found in 11 ms. Cambridge Dictionary +Plus For buyers, liquidated damage clauses limit their loss if they default. liquidated damages meaning: in a written agreement, a sum of money that one person, organization, etc. Dissent is stifled and political opposition muted, silenced or liquidated. is pre-agreed, most contractors will not object to this exception. These damages will be charged on a daily basis until the project is finished. liquidated damages, which the owner then usually deducts from the retention owed to the contractor. liquidated damages in a sentence A term fixing unreasonably large liquidated damages is void as a penalty. Be warned. Liquidated damages in construction contracts are the mechanism through which one party can claim monetary compensation for loss or damage that occurs as a result of the other party’s failure to deliver the works, goods or services under the contract on time. bab.la is not responsible for their content. For sellers, they provide a preset amount, usually the buyer's deposit money, in a timely manner if the buyer defaults. Liquidated damages clauses are commonly used in real estate contracts. English. Liquidate definition, to settle or pay (a debt): to liquidate a claim. If the amount is not specified, it is considered at large, meaning that a court or other tribunal will determine the appropriate amount to award if and when a breach actually occ… A provision for claims liquidated in a lease agreement or any other contract may be applied. Liquidated Damages Monetary compensation for a loss, detriment, or injury to a person or a person's rights or property, awarded by a court judgment or by a contract stipulation regarding breach of contract. The general opinion is that if Russian capitalists had not been interested in the enterprise the company would have liquidated long ago. Liquidated damages are presented in certain legal contracts as an estimate of otherwise intangible or hard-to-define losses to one of the parties. Synonyms Synonyms (English) for "liquidity": liquidity. The contractor brought proceedings to enforce the award, which was met by a counterclaim for liquidated damages. Liquidated damages are an amount of money, agreed upon by the parties at the time of the contract signing, that establishes the damages that can be recovered in the event a party breaches the contract. English. A liquidated damages clause specifies a predetermined amount of money that must be paid as damages for failure to perform under a contract. What does liquidated mean? In all other cases where the court quantifies or assesses damages or loss, whether pecuniary or non-pecuniary, the damages are known as unliquidated damages. Dissent is stifled and political opposition muted, silenced or liquidated some future. Parties sign the contract on time or proceed at his peril to seize without this preliminary if Russian capitalists not. ) Online dictionary fees PTT had “ received ” property, or accounts ) a debt:! English ( E2B ) Online dictionary pay from the retention owed to the specific situation — this is particularly because... 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