Word-of-the-Week: Liquidated damages
A provision in a purchase agreement specifying the amount of money the seller will receive from the buyer if the buyer breaches the agreement.
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Tag: liquidated damages
Is a rent abatement provision unreasonable when no money losses occur for the tenant?
Rent abatement and termination contingency provisions: unreasonable, unconscionable or neither?
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Brokerage Reminder: Forfeiture provisions – enforceable or not?
How to determine if a forfeiture provision is enforceable on the cancellation of a sale.
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