What is a liquidated damages clause in a contract?

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[@maheshwarbanuk4389]

Very nice explanation, simple, precise, succinct!

[@attorneysteve]

Thank you Banu! SV

[@AsifAnsari-el3hx]

Thank you so much for your excellent explanation Sir Steve 🤠

[@attorneysteve]

MY PLEASURE, HERE TO HELP!! SV

[@AshishB702]

A requirement is that damages are difficult to estimate at time of contract execution or difficult to estimate after breach? I believe the latter.

[@viktoriyasushko1304]

Thank you! perfectly clear!

[@domada00]

clear and well explained, thanx for video

[@attorneysteve]

You bet, thanks Dom! Cheers!! Steve

[@abdulmoeed533]

From Pakistan it's good lecture and explanation

[@attorneysteve]

Thank you Abdul! Steve

[@DrewCaus]

Great Video Steve :) Thank you

[@attorneysteve]

You bet Jennifer! Thanks for feedback!! Steve

[@nanthakanpammy8182]

Thank you so much

[@jessiellamuca9056]

I am an 1L student and I wondering if you have any videos about grossly disproportionate?

[@binuvarghese3519]

Thanks Steve for this video.just one quick clarification. In the case of liquidated damages do we need to prove(plaintiff) the actual loss or can claim the entire money mentioned in the contract as liquidated damages..thanks.

[@jamienguyen8161]

Thank you for your video. It's been very informative but I have a question in mind: Is there any possibility that a penalty clause and a liquidated damages clause are applied concurrently in the contract? I would be very thankful if you can respond to my question. Thank you a lot!

[@rajnishroushanrajak7501]

Helpful vedio love from India 👍👍👍👍👍👍👍👍👍👍👍

[@attorneysteve]

LOVE!!!!

[@muneebashfaq9306]

Is there any difference between liquidity damage clause & perormance security clause ?In construction contract can liquidity damage clause can be included just considering the factor of time e.g contractor fails to complete the project in specified period of time as mentioned in contract so client/owner can envoke this clause?

[@cesargonzalez3599]

I believe you can include a "time is of the essence" clause for this particular example.

[@anshulagrawal6764]

Love from India

[@attorneysteve]

thank you!!

[@BossChronicles]

aspiring real estate investor what area of law should i study?