Examlex
A researcher reports that there is no consistent relationship between grade point average and the number of hours spent studying for college students. The correlation between grade point average and the number of hours studying is an example of a ____.
Non-competition Clause
A provision in a contract that prohibits a party from entering into competition with another party for a certain period of time and within a specific geographical area.
Liquidated Damages
A predetermined amount of money that must be paid as compensation for failure to perform under a contract.
Penalty Unenforceability
The legal concept that a penalty clause within a contract may not be enforceable if it is deemed excessively punitive rather than a genuine pre-estimate of loss.
Liquidated Damages
A predetermined amount of money that must be paid as compensation for failure to perform certain obligations of a contract.
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