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Look What Happened to this Contractor
If you check any of your contracts, you will likely see provisions that allow for “liquidated” damages. Claimants can recover these pre-determined damages after a breach. These provisions provide specifics about the consequences of the breach and simplify the need to prove damages during a trial. However, as a recent case illustrated, liquidated damages provisions may not be enforceable if their amounts are wildly different from actual damages. Read More.
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