Liquidated Damages (LD) غرامات التأخير
Definition
An agreed sum deducted for each period of non-excusable delay, usually subject to a cap, and not requiring the employer to prove any actual loss from the delay.
Example
Damages of 0.25% per week capped at 10%.
Where it is used
Incentivising time compliance and capping the risk.
Related terms
From the term to the work
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