liquidated damages
US /ˈlɪk.wɪ.deɪ.tɪd ˈdæm.ɪ.dʒɪz/
UK /ˈlɪk.wɪ.deɪ.tɪd ˈdæm.ɪ.dʒɪz/
1.
daños liquidados, cláusula penal
a sum of money agreed upon by the parties at the time of their mutual assent to a contract as a genuine pre-estimate of the probable damages that would be suffered in the event of a breach
:
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The contract included a clause for liquidated damages in case of late delivery.
El contrato incluía una cláusula de daños liquidados en caso de entrega tardía.
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The court upheld the liquidated damages clause as a reasonable estimate.
El tribunal confirmó la cláusula de daños liquidados como una estimación razonable.