” Your Legal Self Help Resource “

Lawsuit Analysis / <a href="https://lawsuitanalysis.com/glossary/liquidated-damages-provision/" title="Liquidated Damages Provision">Liquidated Damages Provision

A written provision signed by the parties that specifies (liquidates) the amount of damages the innocent party will receive in the event of a breach. The parties agree to this penalty in advance.  This is referred to as a damage defining provision.

In page content a glossary term hovered over underlines in yellow and a definition box opens.


Any contribution would be appreciated to help defray the cost of bringing you this website and its free resources and keeping the information up-to-date.