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Q2) what are liquidated damages? Why to include a liquidated damages clause in the contract? Are...

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Civil Engineering



Q2) what are liquidated damages? Why to include a liquidateddamages clause in the contract? Are they enforceable? How tocalculate the amount of liquidated damage?

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Liquidated damages also referred to as liquidated and ascertained damages are damages whose amount the parties designate during the formation of a contract for the injured party to collect as compensation upon a specific breach An exampleLiquidated damages    See Answer
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