liquidated damage

简明释义

已清偿损失额

英英释义

例句

1.Our supplier agreed to pay liquidated damage if they fail to deliver the materials on time.

我们的供应商同意如果未能按时交付材料，将支付违约金。

2.The contract states that any delay in project completion will incur a penalty of $5,000 as liquidated damage.

合同规定，项目完成的任何延误将产生5000美元的违约金。

3.The liquidated damage clause in the lease agreement protects the landlord from extended vacancies.

租赁协议中的违约金条款保护房东免受长期空置的影响。

4.In the event of a breach, the company is entitled to claim liquidated damage for losses incurred.

在违约的情况下，公司有权要求赔偿因损失而产生的违约金。

5.The construction contract includes a liquidated damage provision for each day the project is late.

建设合同包括每延迟一天的违约金条款。

作文

Liquidated damage refers to a predetermined amount of money that one party agrees to pay to another in the event of a breach of contract. This concept is crucial in contract law, as it provides clarity and certainty for both parties involved in a contractual agreement. When parties enter into a contract, they often outline their expectations and obligations. However, sometimes unforeseen circumstances can lead to a breach, which can cause significant financial loss. To mitigate this risk, parties may include a liquidated damage clause in their contract, specifying the amount that will be owed if a breach occurs.The primary purpose of a liquidated damage clause is to provide a fair and reasonable estimate of potential damages that could arise from a breach. This prevents the need for lengthy and costly litigation to determine the extent of damages after a breach has occurred. For example, if a construction company fails to complete a project on time, the contract might stipulate a liquidated damage amount for each day the project is delayed. This allows the client to know exactly what compensation they can expect without having to prove the actual damages suffered.It is important to note that liquidated damage clauses must be reasonable and not punitive in nature. Courts generally enforce these clauses as long as they are not deemed excessive or unconscionable. If a court finds that the amount specified in the liquidated damage clause is disproportionately high compared to the anticipated loss, it may refuse to enforce the clause. Therefore, it is essential for parties to carefully consider and negotiate the terms of any liquidated damage provision before finalizing their contract.In practice, liquidated damage clauses are commonly found in various types of contracts, including construction agreements, real estate transactions, and service contracts. For instance, in the realm of real estate, a buyer may agree to pay a liquidated damage amount if they fail to close on a property within a specified timeframe. This protects the seller from potential losses resulting from a delayed closing.Moreover, liquidated damage provisions can also serve as a deterrent against breaches. Knowing that there are financial consequences associated with failing to meet contractual obligations encourages parties to adhere to the terms of the agreement. This fosters a sense of accountability and promotes a more reliable business relationship.In conclusion, understanding the concept of liquidated damage is vital for anyone involved in contractual agreements. It not only provides a clear framework for addressing potential breaches but also helps to minimize disputes and promote cooperation between parties. By incorporating well-defined liquidated damage clauses into contracts, individuals and businesses can protect their interests and ensure that they have a mechanism in place to address any breaches that may occur. Ultimately, liquidated damage serves as an essential tool in the realm of contract law, balancing the needs of both parties while providing a fair approach to managing risks associated with contractual obligations.

违约金是指一方同意在合同违约时支付给另一方的预定金额。这个概念在合同法中至关重要，因为它为合同双方提供了明确和确定性。当各方签订合同时，他们通常会列出自己的期望和义务。然而，有时不可预见的情况可能导致违约，从而造成重大经济损失。为了降低这种风险，各方可以在合同中加入违约金条款，规定如果发生违约，将支付的金额。违约金条款的主要目的是提供一个公平合理的潜在损失估算，以防止在违约发生后需要进行冗长且昂贵的诉讼来确定损害程度。例如，如果一家建筑公司未能按时完成项目，合同可能会规定每延误一天需支付的违约金金额。这使得客户能够准确知道在没有证明实际损失的情况下他们可以期待的赔偿。值得注意的是，违约金条款必须合理，不能具有惩罚性质。法院通常会执行这些条款，只要它们不被认为过高或不合理。因此，各方在最终确定合同之前，必须仔细考虑和协商任何违约金条款的条款。在实践中，违约金条款通常出现在各种类型的合同中，包括建筑协议、房地产交易和服务合同。例如，在房地产领域，买方可能同意在指定时间内未能完成交易时支付违约金。这保护卖方免受因交易延迟而导致的潜在损失。此外，违约金条款还可以作为对违约行为的威慑。了解未能履行合同义务会产生经济后果，鼓励各方遵守协议条款。这促进了责任感，并推动了更可靠的商业关系。总之，理解违约金的概念对于任何参与合同协议的人来说都是至关重要的。它不仅提供了应对潜在违约的清晰框架，还帮助减少争议，促进各方之间的合作。通过在合同中纳入明确定义的违约金条款，个人和企业可以保护自己的利益，并确保在发生任何违约时有应对机制。最终，违约金作为合同法领域的重要工具，在平衡双方需求的同时，为管理与合同义务相关的风险提供了公平的方法。