A liquidated damages provision specifies that a certain amount is to be paid by a breaching party when damages are difficult to determine.

Name: A liquidated damages provision specifies that a certain amount is to be paid by a breaching party when damages are difficult to determine.
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A liquidated damages provision is a contractual clause that pre-determines the amount of damages to be paid in the event of a breach, especially when actual damages are uncertain or difficult to quantify.

A Liquidated Damages Provision Specifies That a Certain Amount Is