n. an amount of money agreed upon by both parties to a contract w...

The amount payable for delays and sub-standard performance under a construction, equipment supply, or Operations & Maintenance contract.

A monetary amount agreed upon by two parties to a contract prior to performance under the contract that specifies the amount either party owes the other if that party defaults.

The fixed amount agreed upon by parties to a contract, to be paid to one party in the case of a breach of contract by the other party.

Damages of a stipulated amount as agreed upon in a contract. Liquidated damages are often used in lieu of actual damages, especially in construction contracts. For example, a contractor may be liabl [..]

A specific sum of money, agreed to as part of a contract to be paid by one party to the other in the event of a breach of contract in lieu of actual damages, unless otherwise provided by law.

Liquidated damages are the agreed amount to be paid as compensation for a breach of contract.

A stipulation in a contract of a monetary amount that must be paid by the contractor if the contractor fails to deliver supplies or perform services as specified in the contract or any subsequent modi [..]

Refer to Damages, Liquidated

In a contract, an amount of money agreed upon by both parties that a party who breaches the contract will pay to the other party. Liquidated damages clauses may not be enforced by judges when they app [..]

see damage

A monetary amount agreed upon by two parties to a contract prior to performance under the contract that specifies what a either party owes the other if that party defaults under the contract.

The penalty a seller must pay if the construction project does not meet contractual standards or deadlines.

The penalty a seller must pay if the construction project does not meet contractual standards or deadlines.

An amount defined in a contract and chargeable against funds due to the contractor for each day the contractor fails to complete the project beyond the contract completion date.

The amount of damages to be awarded in the case of a breach of a contract agreed upon in advance by both parties.

Specific and limited amounts that a contracting party is required to pay to another contracting party in the event an agreed-upon area of performance is not achieved.

Liquidated damages may be incorporated as a clause in a contract when the parties to a contract agree to the payment of a certain sum as a fixed and agreed upon payment for not doing certain things pa [..]

(LDs) A fixed periodic amount payable as a sanction for delays or substandard performance under a contract. Also known as a penalty clause.

A form of money payment in an amount specified in advance by a contract or agreement as the sum to be paid if terms were violated.

Damages that are agreed to either by the court or by the parties to a suit or action. These damages are often negotiated or calculated to represent a present value of monies that would otherwise be pa [..]

The common law description for a clause in a contract …

The amount payable for delays and sub-standard performance under a construction, equipment supply, or Operations & Maintenance contract.