What Are Liquidated Damages? Liquidated damages (LDs) are a sum of money specified in some contracts that are to be paid by one party to another as compensation for intangible losses. Liquidated ...

Liquidated damages, also referred to as Liquidated and Ascertained Damages (LADs), are damages whose amount the parties designate during the formation of a contract for the injured party to ...

According to TxDOT, TTEC has been assessed more than $3 million in liquidated damages. TxDOT’s contract with TTEC states it can assess damages to the company for failing to meet targets and for ...

General (or Direct) Compensatory Damages General (or direct) damages flow naturally and directly from, or are the natural and probable consequence of, a breach of contract. They arise from the ...

In addition to $58,855 in back wages plus an equal amount in damages, the department assessed D.K. Restaurant Group $8,580 in penalties for the willful nature of its violations, the news release said.

For example, the parties might agree that the contractor will owe the owner $500 per day in damages if substantial completion is not achieved by the target date. (Often the amount is greater than $500 ...

Accrual of liquidated damages ends on termination of the contract, the Supreme Court has ruled The Supreme Court in Triple Point Technology, Inc vs PTT Public Company Ltd [2021] UKSC 29, handed down ...

Brett Kepley is a lawyer with Land of Lincoln Legal Aid Inc. Send questions to The Law Q&A, 302 N. First St., Champaign, IL 61820.