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West Palm Beach Business Litigation Attorneys / Videos / What are liquidated damages?

What are liquidated damages?

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Transcript:

Liquidated damages is also referred to as ascertained damages. These damages are the amounts the parties designate during the formation of a contract and damages that can be ascertained by documents like invoices. Unliquidated damages cannot be determined by operation of law. This is in the form of pain and suffering.

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