4 ms·
> IANAL but this seems like a dumb suicide pact. IANAL either, but those sound like punitive damages, which are unenforceable. The court could accept the asses
by slavik81 6y ago
> IANAL but this seems like a dumb suicide pact.
IANAL either, but those sound like punitive damages, which are unenforceable. The court could accept the assessment in the contract, but if it's blatantly unreasonable, they are supposed to pick a value that more accurately matches the damage incurred due to the breach.
Not that I would want to be in a situation where you have to depend on that...
- staticautomatic 6y agoThey’re called liquidated damages and they’re typically only enforceable when they are reasonably close to the actual monetary harm that would be caused by a breach of a contract.