Liquidated Damages

Liquidated Damages Provisions – are they valid?

Liquidated Damages Provisions – are they valid? 150 150 Lauren Ellerman

  What is a liquidated damages provision, and why should you care? Just this morning I was reviewing a Release / Non-Compete Agreement that contained language like the following: The parties agree to liquidated damages in the amount of $10,000. What does that really mean? 1. Depends on state law…

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