Construct · 1 fields · 1 citations

liquidated damages: a standalone construct

One name. One construct. A landmark on the map.

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Contract law

damages fixed in advance by contract, and the doctrine that refuses to enforce such clauses when they act as penalties.

In contract law, liquidated damages refers to damages fixed in advance by contract, and the doctrine that refuses to enforce such clauses when they act as penalties. This meaning comes from Goetz (1977) in Columbia Law Review.[1]

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Nearby constructs

efficient breach1 fields · 1 citationsanchor · a standalone construct damage(s)4 fields · 4 citationsjingle · one word, four constructs doctrine1 fields · 2 citationsanchor · a standalone construct

References

Goetz, C. J., & Scott, R. E. (1977). Liquidated Damages, Penalties and the Just Compensation Principle: Some Notes on an Enforcement Model and a Theory of Efficient Breach. Columbia Law Review, 77(4), 554. https://doi.org/10.2307/1121823

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