Liquidated Damages Provisions Are Usually Not Enforceable

question 35

True/False

Liquidated damages provisions are usually not enforceable.

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Definitions:

Tenants

are individuals or groups who occupy or hold a land or property rented from a landlord under a lease.

Life Estate

A legal interest in real property that lasts for the lifetime of a specified individual, after which the interest typically reverts to another designated party.

Survival Clause

A contract provision that remains effective after the termination of the contract, covering aspects such as confidentiality and dispute resolution.

Evicted

The legal process by which a tenant is expelled from rented property, usually due to violation of a lease agreement.