| 1. | Liquidated Damages may be capped at a percentage of the contract sum.
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| 2. | That case concerned what was expressed to be a liquidated damages clause.
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| 3. | A term fixing unreasonably large liquidated damages is void as a penalty.
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| 4. | Civil law systems generally impose less severe restrictions on liquidated damages.
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| 5. | Transcon used the second, so-called loss-of-discount method to assess liquidated damages.
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| 6. | The measure of liquidated damages under this method is prescribed by an ICC regulation.
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| 7. | Sadiq Khan's response stressed the need for better contracting, to include liquidated damages provisions.
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| 8. | The use of liquidated damages dates back to the 1950s.
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| 9. | If the work is not so completed, the contractor will have to pay liquidated damages.
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| 10. | Before collecting liquidated damages by tariff rule, however, a carrier must follow specified procedural requirements.
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