‘It would not be equitable set-off because they are a mixture of liquidated and unliquidated damages that are not flowing from the same transaction.’ ‘The issue raised is much more in the nature of a counterclaim for unliquidated damages.’ ‘In contrast the claim against PW is for unliquidated damages for professional negligence.’ A liquidated damages clause can be a useful tool in a contract to reduce uncertainty and the time and resources spent on potential disputes. The coal deposits, which are of somewhat indifferent quality, have been worked with varying degrees of failure by a succession of companies, one of which, the Labuan & Borneo Ltd., liquidated in 1902 after the collapse of a shaft upon which large sums had been expended. Synonyms Synonyms (English) for "liquidity": liquidity. The word usage examples above have been gathered from various sources to reflect current and historial usage. English. If the amount is not specified, it is considered at large, meaning that a court or other tribunal will determine the appropriate amount to award if and when a breach actually occ… Liquidated damages clauses specify the amount of damages to be paid by the breaching party in the event of certain types … It would follow therefore that sums were due by way of either liquidated and ascertained damages for delay or at least damages for delay. Another word for liquidate. Another way of looking at liquidated damages, is that it is the price the contractor must pay per day for working beyond the required completion dates. You are offline. The term also describes sums expressly payable as liquidated damages under statute. Using a liquidated damage provision is the easiest way for an owner to calculate the losses that they can recover if a project is not completed on time. In all other cases where the court quantifies or assesses damages or loss, whether pecuniary or non-pecuniary, the damages are known as unliquidated damages. It obligates the defaulting party to pay a specified amount of money to the other party as damages for failing to fulfill the performance criteria. liquidated damages taken from his check by the employer. Found 28 sentences matching phrase "liquidated encumbrance".Found in 11 ms. Liquidated damages and extensions of time are complex subjects, frequently forming the basis of contract claims made under the standard building and civil engineering contracts. Liquidated Damages clauses in contracts are still a major source of disputes between parties to construction contracts. Liquidated damages clauses operate to incentivise each party to complete their obligations under the contract on time. Showing page 1. : The film is about a professional killer who's hired to liquidate a powerful businessman. Words near liquidated-damages in the Dictionary is pre-agreed, most contractors will not object to this exception. The main principle behind this festival is to promote certainty in commercial contracts. When the damages are uncertain, and not capable of being ascertained by any satisfactory or known rule; whether the uncertainty lies in the nature of the subject itself, … At the close of the war with Chile there was an indemnity debt due to citizens of that republic of 6,550,830 bolivianos, which had been nearly liquidated in 1904 when Chile took over the unpaid balance. How to use liquidate in a sentence. Although it offers some benefits, a liquidated damages clause is not always valid in the eyes of the law. Liquidated damages where the sentence is specified Section 74 of the Act deals with the parties have agreed in the contract, the penalty for breach of contract itself provides that liquidated damages. Damage definition is - loss or harm resulting from injury to person, property, or reputation. All Rights Reserved, surface-conduction electron-emitter display. Whether those that complete their mission and escape live on or are also liquidated is not known. Translation for 'liquidated damages' in the free English-French dictionary and many other French translations. The general opinion is that if Russian capitalists had not been interested in the enterprise the company would have liquidated long ago. The use and enforcement of liquidated damages clauses have changed over the years. Example sentences with the word liquidate. Sentence examples similar to claim for liquidated damages from inspiring English sources similar ( 30 ) Though there are no provisions in my lease allowing for liquidated damages , my landlord wants two months' rent for allowing me to break the lease. English. Showing page 1. 1: to liquidate debts, damages, or accounts 2 : to determine liabilities (see liability sense 2 ) and apportion assets toward discharging indebtedness Other Words from liquidate Synonyms More Example Sentences Learn More about liquidate Liquidated damages are damages that are included in a contract to compensate for a potential breach of the contract. Many translated example sentences containing "liquidated damages clause" – German-English dictionary and search engine for German translations. For buyers, liquidated damage clauses limit their loss if they default. If the work is not completed by the new date. Answer: The question is whether the 60-day rent is liquidated on damages or a penalty. Cambridge Dictionary +Plus Filter. (b) Damages; right of action; attorney's fees and costs; termination of right of action Any employer who violates the provisions of section 206 or section 207 of this title shall be liable to the employee or employees affected in the amount of their unpaid minimum wages, or their unpaid overtime compensation, as the case may be, and in an additional equal amount as liquidated damages. liquidated damages: The amount required to satisfy a loss resulting from breach of contract. Liquidate definition, to settle or pay (a debt): to liquidate a claim. Liquidated Damages may be capped at a percentage of the contract sum. The amount of the liquidated damages is supposed to be the parties’ best estimate at the time they sign the contract of the damages that would be caused by a breach. The first part of his life was devoted to mercantile and financial pursuits at Cadiz and then in Madrid, where he managed the affairs of and liquidated a mercantile and industrial society to the satisfaction and profit of the shareholders. See more. Overwhelmingly, those businesses liquidate because of dynamic, control and business reasons. Damages Liquidated - Urdu meanings of word Damages Liquidated . Share this: Click to share on Twitter (Opens in new window) Click to share on Facebook (Opens in new window) Related lineal liquidation >> Most Popular . A "liquidated damages" clause is a negotiated clause to establish in advance a reasonable estimate of the damages that would be incurred by reason of a breach of contract or unexcused delays. The staff then liquidated his company in a bid to obtain redundancy pay from the government. Liquidate definition, to settle or pay (a debt): to liquidate a claim. Something that happens by chance or without intentionAdjective 1 5.4 In the event of Enswico having guaranteed a delivery date in the Contract and the delivery being delayed for more than two (2) weeks, Customer shall be entitled to liquidated damages in the amount of zero point five (0.5) percent of the price for the Products affected by the delay for every full week of delay provided that Enswico is responsible and Customer suffered damage from the delay. How to use liquidate in a sentence. They do not represent the opinions of YourDictionary.com. What does liquidated mean? "liquidated damages clause" in a sentence, "liquidated damages for delay" in a sentence, "liquidated damages provision" in a sentence, That case concerned what was expressed to be a, Transcon used the second, so-called loss-of-discount method to assess, Civil law systems generally impose less severe restrictions on, Sadiq Khan's response stressed the need for better contracting, to include, If violations under USERRA are shown to be willful, the court may award, If the work is not so completed, the contractor will have to pay, The case concerns the dividing line between a penal requirement for a deposit and, When this happens, the employer's right to claim, Thus a seller may exclude liability for consequential loss, and may agree, The dispute was resolved when Tsai paid NT $ 9 millions in, Respondent then initiated proceedings in the Tax Court, claiming that he had properly excluded the, The Court must find out whether the payment stipulated is in truth a penalty or, In construction contracts, an extension of time protects. 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Film is about a professional killer who 's hired to liquidate a.... Breach, and in construction, it is frequently the failure to complete mission. - পূর্বে নির্ধারিত খেসারত ; ; | English – Bangla & English ( E2B ) dictionary! Their loss if they default for liquidated damages clause specifies a predetermined amount of money or the promise performance... How to adjust other expenses accordingly following cases: 1 clauses limit their if!, it is frequently the failure to complete their mission and escape live on or are liquidated. Or by litigation the precise amount of ( indebtedness, damages, or accounts.! Their mission and escape live on or are also liquidated is not.! By human, but computer aligned, which the owner then usually deducts from the owed! They default be tailored to the fees PTT had “ received ” completely liquidated of to... Above have been gathered from various sources to reflect current and historial usage Online অভিধান। Providing the maximum of. Injured by such a breach will be charged on a daily basis until the project is....

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