_____ are those that result if the terms of the contract are not fulfilled and must be defined prior to the breach under the terms of the contract.

Question

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Liquidated damages are defined in the contract as a specific amount of damages to be paid if the terms of the contract are not fulfilled. They are agreed upon by both parties in advance and help to protect the non-breaching party from uncertain damages in the event of a breach.

_____ Are Those That Result If the Terms of the Contract