Latest news and views tagged liquidated damages
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Is a creditor entitled to bring bankruptcy proceedings in respect of a guarantee and indemnity?
In this case , the question the court asked was whether a guarantee liability, is a liability for a...
Liquidated damages does not always need to be genuine pre-estimate of loss to be enforceable – Azimut-Benetti v Healey, High Court
Liquidated damages are clauses in contracts that provide for a pre-agreed value to be paid in the event of a breach of contract by one of the parties. Commonly, they are used when there is a delay to performance....
Top 10 tips when negotiating an agreement for a web site or other business-critical IT
I was recently asked to give my top 10 tips on negotiating an expensive web site based on my experience in drafting and negotiating IT agreements. Here they are. I must stress that they apply to the...