What is a liquidated damages clause in a contract?

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8 жыл бұрын

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Пікірлер: 26

@swee7552 5 жыл бұрын

Working on getting my real estate license, this makes understanding the legal aspects of the job super easy. I'll be watching more of your videos if they relate to real estate. Thanks a TON!

@attorneysteve 5 жыл бұрын

Thanks Evan......good luck on the real estate license. I plan to post more in the future.....I have put a bunch out over the years!! SV

@viktoriyasushko1304 3 жыл бұрын

Thank you! perfectly clear!

@AsifAnsari-el3hx 3 жыл бұрын

Thank you so much for your excellent explanation Sir Steve 🤠

@attorneysteve 3 жыл бұрын

MY PLEASURE, HERE TO HELP!! SV

@maheshwarbanuk4389 4 жыл бұрын

Very nice explanation, simple, precise, succinct!

@attorneysteve 4 жыл бұрын

Thank you Banu! SV

@nanthakanpammy8182 4 жыл бұрын

Thank you so much

@AshishB702 3 жыл бұрын

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

@DrewCaus 8 жыл бұрын

Great Video Steve :) Thank you

@attorneysteve 3 жыл бұрын

You bet Jennifer! Thanks for feedback!! Steve

@binuvarghese3519 3 жыл бұрын

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.

@domada00 5 жыл бұрын

clear and well explained, thanx for video

@attorneysteve 5 жыл бұрын

You bet, thanks Dom! Cheers!! Steve

@jamienguyen8161 2 жыл бұрын

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!

@abdulmoeed533 4 жыл бұрын

From Pakistan it's good lecture and explanation

@attorneysteve 4 жыл бұрын

Thank you Abdul! Steve

@jessiellamuca9056 2 жыл бұрын

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

@BossChronicles 6 жыл бұрын

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

@rajnishroushanrajak7501 4 жыл бұрын

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

@attorneysteve 4 жыл бұрын

LOVE!!!!

@anshulagrawal6764 5 жыл бұрын

Love from India

@attorneysteve 5 жыл бұрын

thank you!!

@muneebashfaq9306 3 жыл бұрын

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 2 жыл бұрын

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