Liquidated Damages

Liquidated Damages in United States

Liquidated Damages Definition

Liquidated damages are ascertained damages. 48 III. 408.

Liquidated Damages in Foreign Legal Encyclopedias

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Legal Issue for Attorneys

Liquidated damages are ascertained damages. 48 III. 408.

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Notice

This definition of Liquidated Damages is based on The Cyclopedic Law Dictionary. This entry needs to be proofread.

Practical Information

Note: Some of this information was last updated in 1982

An amount that the parties to a contract have agreed upon will be paid in satisfaction of a loss resulting from a breach (in U.S. law) of Contract. The amount must be in proportion to the actual loss; otherwise the agreement is unenforceable.

(Revised by Ann De Vries)

What is Liquidated Damages?

For a meaning of it, read Liquidated Damages in the Legal Dictionary here. Browse and search more U.S. and international free legal definitions and legal terms related to Liquidated Damages.

Liquidated damages

Find more information on Liquidated damages in relation to the Customs Trade Law in the legal Encyclopedias.

Liquidated damages and the International Trade Law

Liquidated Damages: Main Elements

The coverage of Liquidated Damages includes the following element(s):

Other Remedies for Breach of Contract

Find out an overview of this topic, in relation to Liquidated Damages, in the legal Ecyclopedia.

References

See Also

  • Contracts
  • Remedies
  • Breach of Contract

Resources

See Also

Further Reading

  • Liquidated damages entry in the Dictionary of International Trade Law (Raj Bhala)
  • Liquidated damages entry in the Gale Encyclopedia of U.S. Economic History (Thomas Carson; Mary Bonk)
  • Liquidated damages entry in the Dictionary of International Trade
  • Liquidated damages entry in the Dictionary of International Trade: Handbook of the Global Trade Community (Edward G. Hinkelman)

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