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Editing Contracts/Liquidated damages
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* Second, the damages must be sufficiently uncertain at the time the contract is made that such a clause will likely save both parties the future difficulty of estimating damages. | * Second, the damages must be sufficiently uncertain at the time the contract is made that such a clause will likely save both parties the future difficulty of estimating damages. | ||
Damages that are sufficiently uncertain may be referred to as '''unliquidated damages''', and may be so categorized because they are not mathematically calculable or are subject to a [[contingent liability|contingency]] which makes the amount of damages uncertain. | Damages that are sufficiently uncertain may be referred to as '''unliquidated damages''', and may be so categorized because they are not mathematically calculable or are subject to a [[contingent liability|contingency]] which makes the amount of damages uncertain. | ||
===Example=== | ===Example=== |