liquidated damages

US /ˈlɪk.wɪ.deɪ.tɪd ˈdæm.ɪ.dʒɪz/
UK /ˈlɪk.wɪ.deɪ.tɪd ˈdæm.ɪ.dʒɪz/
"liquidated damages" picture
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

:
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.
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.