What are liquidated and ascertained damages?

21 Dec 2023 By Contributor

Digital Edition: What are liquidated and ascertained damages?

Harry King is a junior associate at law firm Quigg Golden Liquidated damages, also known as liquidated and ascertained damages (LADs), are a contractual agreement on damages that are designed to cover costs when a project runs past the agreed completion date. LADs are common…

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