Examlex
An ordered list can use either bullets or numbers.
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.
Quantum Meruit
A doctrine in contract law that allows a person to recover reasonable value of services rendered, when a contract does not exist or is unclear, based on the idea of preventing unjust enrichment.
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