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An Update On International Legal Positions--Liquidated Damages

Authors :
Kaichang, Yong
Source :
Mondaq Business Briefing. August 24, 2021
Publication Year :
2021

Abstract

1. Introduction In cross-border transactions, parties commonly insert a 'liquidated damages' clause in their contracts. Such a clause clearly stipulates the amount of damages that the defaulting party shall pay [...]

Details

Language :
English
Database :
Gale General OneFile
Journal :
Mondaq Business Briefing
Publication Type :
News
Accession number :
edsgcl.673702467