Fixing the Value: Liquidated Damages and Cancellation Clauses
Every contractor looks to limit their exposures by negotiating liquidated damages and cancellation clauses. The assumption is that they will work and limit losses to the agreed amount. In current climate of competitive negotiations, it is now more critical than ever that these clauses do work as expected.
23 November 2016
HFW partner Chanaka Kumarasinghe and associate William Duthie will be speaking from their experiences of negotiating these clauses, the assumptions contractors rely on (correct or otherwise) when fixing values in these clauses and how the courts will interpret these clauses during a dispute. These has also been a recent decision from the English Supreme court in respect of the construction of liquidated damages and penalty clauses, which will also be discussed.
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