Liquidated damages
Series: Contract Journal ; 417(6412) 5 February 2003, 24(1)Publication details: 2003Subject(s): Summary: Discusses the case "Jeancharm Ltd v Barnet Football Club Ltd" (CA [2003] CILL 1987-1990(4)) where the central issue was whether large amounts can be included within liquidated and ascertained damages provisions. The outcome of the case implied that the law still requires that a liquidated damages provision must be an amount which can be shown to be a genuine pre-estimate of the likely loss in the event of a breach, otherwise the clause may become unenforceable.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS66404 (Browse shelf(Opens below)) | 1 | Available | 121579-1001 |
Discusses the case "Jeancharm Ltd v Barnet Football Club Ltd" (CA [2003] CILL 1987-1990(4)) where the central issue was whether large amounts can be included within liquidated and ascertained damages provisions. The outcome of the case implied that the law still requires that a liquidated damages provision must be an amount which can be shown to be a genuine pre-estimate of the likely loss in the event of a breach, otherwise the clause may become unenforceable.