Examlex
Describe briefly the types of organizational change based on scope.
Liquidated Damages
Predetermined monetary compensation agreed upon by parties in a contract as a remedy for specific breaches, especially delays.
Penalty Clause
A provision in a contract that specifies a penalty to be paid by a party in the case of a breach of the contract.
Liquidated Damages
A predetermined sum agreed upon in a contract, payable as compensation for failure to perform specific acts or to fulfill certain conditions.
Doctrine Of Part-Performance
A legal concept in contract law that allows an unwritten contract to be enforced if one party has taken significant steps to perform their part.
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