A clause in a contract places a limit on the amount of damages due from a breach is a liquidated damages clause.

Name: A clause in a contract places a limit on the amount of damages due from a breach is a liquidated damages clause.
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A clause that limits the amount of damages due from a breach is typically a limitation of liability clause, not a liquidated damages clause. A liquidated damages clause specifies a predetermined amount of damages in the event of a breach.

A Clause in a Contract Places a Limit on the Amount