Essays about: "liquidated damages"
Found 1 essay containing the words liquidated damages.
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1. Agreed Payment for Non-performance in International Commercial Contracts
University essay from Lunds universitet/Institutionen för handelsrättAbstract : The commercial contracts commonly require an agreed payment clause for nonperformance. This clause provides agreed statement of the amount recovered by the innocent party in case of a breach of contract. The term, agreed payment for non-performance includes two types of clauses, penalty clause and liquidated damages clause. READ MORE
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