LEGAL WORD
Liquidated damages
Legal term · Contract law
Liquidated damages
- Type: Legal term
- Area of law: Contract law
1 What it means
A sum fixed in the contract as compensation for breach. Indian courts award reasonable compensation up to that amount.
2 Use it in a sentence
The contract fixed liquidated damages for each week of delay.
3 Make it stick
Write your own sentence using Liquidated damages about a case or topic you are studying this week, then check it against the meaning above.
4 Related words
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