Ad
related to: california real estate contract liquidated damages clause georgiauslegalforms.com has been visited by 100K+ users in the past month
- Power of Attorney Forms
General, Limited, or Child Care POA
State Specific POA Forms
- Popular Form Categories
US Legal Documents by Category
Affidavits, Real Estate and Other
- Legal Forms for Industry
Official Forms for Your Industry
Industry-Specific Forms Online
- Business Forms
Incorporation, LLC Formation Forms
State Specific Business Forms
- Power of Attorney Forms
Search results
Results from the WOW.Com Content Network
Liquidated damages, also referred to as liquidated and ascertained damages (LADs), [1] are damages whose amount the parties designate during the formation of a contract [2] for the injured party to collect as compensation upon a specific breach (e.g., late performance). [3] This is most applicable where the damages are intangible.
In United States law, treble damages is a term that indicates that a statute permits a court to triple the amount of the actual/compensatory damages to be awarded to a prevailing plaintiff. Treble damages are usually a multiple of, rather than an addition to, actual damages, but on occasion they are additive, as in California Civil Code § 1719.
United States Naval Institute v. Charter Communications, Inc., 936 F.2d 692 (Second Cir. 1991) is a case discussing the extent and nature of contract damages. Damages for breach of contract are generally to provide damages for the injured party's loss; an injured party is not awarded damages based on the breaching party's gain. Snepp v.
Category:Contract clauses concerns specific clauses in legal contracts. ... Liquidated damages clause; Loss payee clause; M. Meet-or-release contract; Money-back ...
Building contingencies into the contract: Most real estate contracts have contingencies that give sellers cause to back out. For instance, the seller may say they will only sell their property if ...
Under common law, a liquidated damages clause will not be enforced if the purpose of the term is solely to punish a breach (in this case it is termed penal damages). [23] The clause will be enforceable if it involves a genuine attempt to quantify a loss in advance and is a good faith estimate of economic loss.
Within a contract, an exculpatory clause is a statement that aims to prevent one party from holding the other party liable for damages. [1] An exculpatory clause is generally only enforceable if it does not conflict with existing public policy . [ 2 ]
The amount of statutory damages can be set on a per-incident basis, such as in the Fair Debt Collection Practices Act, which gives statutory damages of up to $1,000 for a violation of its provisions. [2] Amounts could also be set per day, as in acts proscribing human-rights violations which might specify damages of $1,000 per day. [3]
Ad
related to: california real estate contract liquidated damages clause georgiauslegalforms.com has been visited by 100K+ users in the past month