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Mississippi Law Favors and Enforces Liquidated Damage Clauses Whether They Are Labeled Form

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Mississippi Law Favors and Enforces Liquidated Damage Clauses Whether They Are Labeled Form

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as all quantity surveyors will be aware understanding interpreting or even writing construction contracts can be a large part of your day-to-day role contracts can and do include hundreds of clauses that seek to set forth the obligations from one party to another and vice versa one of these clauses that you may have heard of is liquidated damages or leds for short but what are liquidated damages why are they used and what are some of the complications that can surround them well this video is going to take a look at just those questions but before we dive in please hit the like button and subscribe to our channel if you are enjoying the videos that we post every week so what are liquidated damages simply put liquidated damages are a clause that is sometimes added to construction contract that sets out an amount of money that can be recovered from the client if the contractor breaches the contract within construction liquidated damages generally relates to time i.e the contractor not fi

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