TITLE

Liquidated Damages

AUTHOR(S)
Goldberg, James M.
PUB. DATE
May 2007
SOURCE
Financial & Insurance Meetings;May/Jun2007, Vol. 43 Issue 3, p13
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the concept of liquidated damages being used by most hotel contracts when a client cancels an obligation. It mentions that the total of all expenses incurred as a result of the cancellation can be claimed by an adversely affected party. It states that the absence of a liquidated damages clause in a contract does not imply that a hotel can cancel without liability.
ACCESSION #
25310983

 

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