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Position of Liquidated Damages

Position of Liquidated Damages

          
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About the Book

Contracting parties of public construction contract can foresee how a type of uncertainty could be removed by agreeing a specific consequence for a breach. They can address this by incorporating, inter alia a "Liquidated Damages Clause" to that outcome. Liquidated damages is a fixed sum agreed by the parties in their contract as a value of the damages that one party can claim against the other, without the need to prove that sustained damage when they enter into contract. But, whether a liquidated damages is a contractual or legal remedy; whether a liquidated damages and penalty are similar and interchangeable or different in concept; can an employer seeks liquidation damages together with other available general remedies after canceling such contract; and who, contracting parties or a government, in agreement or by law, can figure out amount of liquidated damages and its calculation mechanism are unsolved conundrum in Ethiopian pertaining laws and its application in courts thereof.


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Product Details
  • ISBN-13: 9786207463053
  • Publisher: KS Omniscriptum Publishing
  • Publisher Imprint: LAP Lambert Academic Publishing
  • Height: 229 mm
  • No of Pages: 60
  • Spine Width: 4 mm
  • Width: 152 mm
  • ISBN-10: 6207463056
  • Publisher Date: 28 Feb 2024
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 104 gr


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