Liquidated Damages in Commercial Contracts
Liquidated Damages in Commercial Contracts

Summary/Abstract: Liquidated damages is that contractual clause in which a contractual party is forced that when a contractual clause is breached that contractual party will have to pay a certain amount of money in order to cover that prejudice that was a direct consequnce of the contractual breach. In order to guarantee the fulfillment of the commercial contract such a contractual provision is necessary because the breach of the contract will be less likely to happen if the parties know that there is a money sanction established through the will of the contractual parties.

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