NASC-Contractual-Guidance-Publication
Contractual Guidance

CG19:09 Liquidated and Ascertained Damages

Contracts impose obligations on the parties to a contract. If either party fails to complete any of its obligations it is said to be in breach of contract. The level of damages payable will vary according to the nature of the breach. This guidance outlines the types of liquidated damages, enforcement and considerations.

2 pages

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