🏛️ The Million Dollar Contract Question

🌟 Imagine you're BuildRight Inc., a construction company. You know delays will cost money, but how much? This is where liquidated damages come in - but here's the twist: sometimes courts throw them out completely!

💡 What You'll Discover:

• 🔍 Why Section 74 of the Indian Contract Act 1872 protects parties from unfair penalties
• ⚖️ The crucial difference between genuine damage estimates and disguised punishments
• 🎯 How courts decide if your predetermined damages are valid or void

🚀 Real Cases Discussed:

• 💎 Fatehchand vs. Balkishan Das - The foundational case that set reasonable compensation limits
• ⭐ Oil and Natural Gas Corp Ltd vs. Saw Pipes Ltd - Supreme Court's game-changing ruling on proof requirements
• 🎭 Kemble vs. Farren - The theater case that showed how blanket penalties fail
• ⚡ Unitech Ltd vs. TSIIC - When excessive interest rates become unenforceable penalties

🎙️ By the end, you'll know exactly how to draft damage clauses that courts will uphold - and spot the red flags that make them worthless!