liquidated damages
US /ˈlɪk.wɪ.deɪ.tɪd ˈdæm.ɪ.dʒɪz/
UK /ˈlɪk.wɪ.deɪ.tɪd ˈdæm.ɪ.dʒɪz/
1.
dommages-intérêts liquidés, clause pénale
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.
Le contrat comprenait une clause de dommages-intérêts liquidés en cas de livraison tardive.
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The court upheld the liquidated damages clause as a reasonable estimate.
Le tribunal a confirmé la clause de dommages-intérêts liquidés comme une estimation raisonnable.