liquidated and unliquidated damages in contract law

Liquidated vs Unliquidated Damages

In contract law India, knowing the difference between liquidated and unliquidated damages is key. Liquidated damages are agreed-upon amounts in the contract. They provide a clear way to pay for a breach. Unliquidated damages, on the other hand, are decided by the court after a breach. They focus on the real losses. Liquidated damages are […]

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Unliquidated Damages: A Comprehensive Legal Overview

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Unliquidated damages are a crucial aspect of contract and tort law. Unlike liquidated damages, which are predetermined and specified in a contract, unliquidated damages refer to compensation that is not pre-agreed and must be assessed by a court. These damages typically arise when a party breaches a contract or commits a wrongful act, and the

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