Where the parties prescribed liquidated damages for delayed performance, the breaching party shall, in addition to payment of the liquidated damages, render performance.
Firstly, the liquidated damages shall be agreed upon in the term of obtaining training by employee.
The contractual liquidated damages specified in the SCC shall higher than the evaluation advantage.
If the parties prescribed payment of both liquidated damages and a deposit, in case of breach by a party, the other party may elect in alternative to apply the liquidated damages clause or the deposit clause.
The Law of Employment Contracts does not set prohibitive provisions on the agreement on the liquidated damages borne by employer.
Where the power customer delayed in paying the electricity charge, it shall pay liquidated damages in accordance with the contract.
In this part, the author discusses the relation of liquidated damages to damages, down payment, substantial performance as well as dissolution of contract.
The payment of liquidated damages shall not release the Seller from its obligation to deliver the delayed Contract Equipment.
However , there shall be no liquidated damages shall not release contractor from its obligation to deliver the delayed goods.
"Where a bill is dishonoured, the measure of damages, which shall be deemed to be liquidated damages, shall be as follows--"
Party B pays off rental and other charges (including liquidated damages and overdue fine and so on) and moves out as per the contract after returning the house.
"After acceptance of liquidated damages, the buyer shall sign the Acceptance certificate for the Contract Plant in one (1) original and one (1) duplicate."
The total amount of liquidated damages paid by the Seller for late delivery of Technical Documentation shall not exceed _____ percent of the Contract Price.
"If Acceptance Standard still fails to be fulfilled in the further tests, Licensor shall pay Licensee liquidated damages as specified in Appendix 1, unless otherwise stipulated in Contract."
"Licensee shall have the right to deduct from any payment the withholding taxes, liquidated damages, and/or compensations, if any, which Licensor shall pay under Contract."
The Article 114 of "the Law of contract" has important practical significance as to its regulations of paying damages and liquidated damages when the person concerned breaks the contract.
where the amount of liquidated damages prescribed exceeds the loss resulting from the breach, a party may petition the People's Court or an arbitration institution to decrease the amount as appropriate.
"In case the Seller fail to make delivery in accordance with the final delivery schedule, the Seller shall pay the liquidated damages for late delivery at the following rates:"
Where the amount of liquidated damages prescribed is below the loss resulting from the breach, a party may petition the People's Court or an arbitration institution to increase the amount
The parties may prescribe that if one party breaches the contract, it will pay a certain sum of liquidated damages to the other party in light of the degree of breach,
the Vendor shall forthwith return the deposit to the Purchaser and shall pay to the Purchaser a sum equivalent to the amount of the initial deposit as liquidated damages and shall also reimburse the Purchaser with the payment of stamp duty.
