24Oct
Issues Impacting Enforceability of Liquidated Damages in Construction Contracts
Liquidated damages are a sum specified in a contract as the measure of recovery in the event of a breach of the contract. Liquidated damages provisions are common in construction contracts to guard against damages that the owner or a contractor might suffer if a project is delayed beyond the completion date set forth in the contract......
By:
Ward and Smith, P.A.
Source Url: https://www.jdsupra.com/legalnews/issues-impacting-enforceability-of-25888/
Related
On August 6, 2019, Acting Governor Sheila Oliver signed the New Jersey Wage Theft Act (WTA) into law...
Read More >
Recently, the National Labor Relations Board (NLRB) issued another pro-employer decision, resolving ...
Read More >
New York Governor Andrew Cuomo recently signed legislation amending state law to explicitly prohibit...
Read More >
Today we are currently experiencing very complex situations and unaccustomed scenarios, which are co...
Read More >
HSBC chief John Flint is out just 18 months after he assumed the role as head of the London-based ba...
Read More >
Change orders can quickly become a source of contention on construction projects and are often the s...
Read More >