Wiki Law School will soon be moving! Please update your bookmarks. Our future address is www.wikilawschool.org |
Editing Contracts/Liquidated damages
From wikilawschool.net. Wiki Law School does not provide legal advice. For educational purposes only.
The edit can be undone. Please check the comparison below to verify that this is what you want to do, and then publish the changes below to finish undoing the edit.
Latest revision | Your text | ||
Line 20: | Line 20: | ||
In the case of construction contracts, courts have occasionally refused to enforce liquidated damages provisions, choosing to follow the [[doctrine of concurrent delay]] when both parties have contributed to the overall delay of the project. | In the case of construction contracts, courts have occasionally refused to enforce liquidated damages provisions, choosing to follow the [[doctrine of concurrent delay]] when both parties have contributed to the overall delay of the project. | ||
Contracts in the [[NEC Engineering and Construction Contract|NEC3]] family use the term 'low service damages' (optional clause X.17) and generally include a Low Service Damages Schedule.<ref>[[ | Contracts in the [[NEC Engineering and Construction Contract|NEC3]] family use the term 'low service damages' (optional clause X.17) and generally include a Low Service Damages Schedule.<ref>[[British Institute of Facilities Management]], Getting Started with the NEC3 Term Services Contract, accessed 23 June 2015</ref> | ||
==Uniform Commercial Code== | ==Uniform Commercial Code== |