Liquidated definition
Examples of Liquidated in a sentence
Liquidated damages are not intended to be a penalty and are solely intended to compensate for damages.
Our payment of the Liquidated Damages is Our sole liability and entire obligation, as well as Your exclusive remedy if such a sale or publication occurs.
The Parties acknowledge and agree that any harm to You caused by the publication of the Work in an non—selected format or a sale of the Work after this Agreement is terminated would be impossible or very difficult to accurately estimate at the time of making of this Agreement and at the time of such event occurs, and that the Liquidated Damages are a reasonable estimate of the anticipated or actual harm that might arise.
The Parties intend that the payment of Royalties if a sale of the Work occurs after this Agreement is terminated or if the Work is published in a non-selected format constitutes Liquidated Damages and compensation, but not a penalty.
Should the Contractor fail to complete the Punch List within this period of time, the liquidated damages (See Section Three: General Terms and Conditions for JOC, Article 45, Liquidated Damages) Contract General Conditions will apply.