We’ve written before about contractual provisions that sometimes go unnoticed or unappreciated. Another such provision is a “liquidated damages” provision. Liquidated damages are a way to agree ...
In Triple Point Technology v PTT, the Supreme Court of the United Kingdom has restored the orthodox position on how termination prior to completion of work affects the operation of a liquidated ...
Construction contacts often include provisions that provide for pre-determined or “liquidated” damages in the event of a breach. Such provisions can provide certainty to the parties as to the ...
In their Commercial Division Update, George Bundy Smith, an arbitrator and mediator with JAMS, and Thomas J. Hall, a partner with Chadbourne & Parke, write that a party challenging the validity of a ...
We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...
Anyone regularly reviewing construction contracts will come across those dreaded liquidated damage clauses. They require contractors, and in turn subcontractors, to make significant payments to ...
Have you ever heard of a thing called liquidated damages? What is that? No, it’s not when your pet tinkles on the carpet, though there may be nothing more liquidated a damage than that. Liquidated ...
Six Connecticut restaurants have been ordered to pay more than $850,000 to 105 employees after violating the Fair Labor Standards Act. The U.S. Department of Labor (DOL) on Tuesday announced a federal ...
We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...
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