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dorathea
There are a lot of liquidated companies in India going back to the 80's. Some of the more recent liquidations are Digital Devices P.LTD, Dunroll Industries LTD, Elephanta Oil and Vanaspati Industries LTD, and Glasstronic India LTD.
The second season of "Damages" has 13 episodes.
Yes, but you must ask yourself, how do you quantify lost profits with certainty?
NO
In order to receive compensation for liquidated damages, a person would have to hire an attorney and go to court. If the damages or losses were proven, the person could be compensated for them.
A liquidated damages clause is usually enforceable under Arizona law, depending on the type of contract involved. For example, Arizona code section 10-2016 allows such damages in a marketing contract. In general, liquidated damages are allowed where damages are hard to predict and quantify.
Liquidated damages refers to an amount of money designated and agreed to in advance for damages, before any loss takes place, so that the actual damages need not be calculated.
The judgment in Temloc v Erril confirmed that where "Nil" is entered as the value of a liquidated damages clause this will be the only remedy available to the employer where works are not completed on time, i.e. he will be entitled to £0 in liquidated damages and will also be unable to claim unliquated damages at common law for breach of contract. Where an employer does not want to use the liquidated damages clause but wishes to keep available his remedy at common law the liquidated damages clause should be deleted.
No. Punitive damages are strictly that--punitive, designed to punish and make an example of the defendant to deter future similar bad conduct. Conversely, liquidated damages are set damages (i.e. per day, hour, whatever increment of time) as a penalty for non-performance. Perfect example would be a contractor who promises to finish building a house by January 30th and the contract says for each day past January 30th, the homeowner shall be entitled to liquidated damages in the amount of $100.
liquidated damages are agreed amount of money in case something goes wrong in the fulfilment o f a contract while limited liability is liability to certain amount in case of things go wrong
Liquidated means the amount is determined or can be readily calculated (adding interest or penalties, for example). In rare cases, a contract may specify damages in the event of a breach or there may be a statute allowing an amount certain for violations pursued in a private cause of action.
Alistair Mitchell Crawley has written: 'Liquidated damages clauses'
Liquidated damages clauses are used when it is difficult to determine the extent of damages that would result from a breach of the contract. Therefore, in the contract (or here, purchase order), the parties agree before hand the exact amount one party would owe the other party if the contract is breached. That way, the parties do not have to fight over the extent of the damages because they "agreed" up front what damages would be necessary to "make the non-breaching party whole" in the event one party breaks the contract.
Generally you are limited to the benefit of the contract itself. Some contracts have what are called "liquidated damages" clauses, which provide for specific monetary damages where it is difficult to determine how much a breach will cost either party.
The different types of damages that a court may award to an aggrieved party include compensatory damages (to cover actual losses), punitive damages (to punish the wrongdoer), nominal damages (symbolic award when no actual loss occurred), and liquidated damages (specified in a contract).