All Glossary Terms
A contract clause fixing in advance the amount a party must pay for breaching, often used when actual damages would be hard to prove. Courts enforce them if the amount is reasonable, not a penalty.
A Civil Litigation term from the Curry Law Group Legal Glossary
A contract clause fixing in advance the amount a party must pay for breaching, often used when actual damages would be hard to prove. Courts enforce them if the amount is reasonable, not a penalty.
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