On this Deep Dive of Chapter 17, JC explains the most misunderstood term in the contract: Liquidated Damages. We explain why courts hate "penalties" but love LDs, and how Force Majeure (Acts of God) can save you from paying them.
On this Deep Dive of Chapter 17, JC explains the most misunderstood term in the contract: Liquidated Damages. We explain why courts hate "penalties" but love LDs, and how Force Majeure (Acts of God) can save you from paying them.