Using liquidated damage clauses in delivery contracts is an example of mitigating strategy for ______.

Name: Using liquidated damage clauses in delivery contracts is an example of mitigating strategy for ______.
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Question

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Liquidated damage clauses are used to mitigate the risk of failure to deliver the needed services on time. This is because they typically state a specific financial penalty to be paid by the supplier in the event that they fail to meet the agreed-upon delivery schedule.

Using Liquidated Damage Clauses in Delivery Contracts Is an Example