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Remedies under Applicable Law and Our Lease Agreement Form

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Remedies under Applicable Law and Our Lease Agreement Form

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[Music] welcome back to this fourth and final segment of the law session on contract law remedies before the break we were discussing uh the difference between the penalty and a liquidated damages clause and i was ending on the and i ended on the point to say that where for example you see a lump sum this tends to point towards a liquidated damage clause of course on the other end it is not an obstacle obstacle to the sum which is stipulated being a genuine pre-estimate if the parties of have of course calculated it as such because sometimes in order to make a precise pre-estimate it may be almost an impossibility and therefore it may very well be that a figure just has to be calculated based on uh the whole surrounding circumstances as it were now in the case of mauryan leisure play plc 2005 mr morris was employed as the chief chief executive director his employer dismissed him with seven weeks notice under the terms of his contract of employment he was to be given 12 months notice or

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