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Words: | Submitted: Thu Mar 04 2004
... estimate their loss that different forms of breach will cause. If the courts agree that the contract shows the amount of money that has to be paid shows a genuine pre-estimate of loss (honestly saying how much they think they will lose) then the court will order you to pay the amount stated in line with the terms stated in 'clause 9' of the contract. The courts will only get involved in this case if you decide not to pay the amount stated to Tay your order limited. The only way the courts wont uphold the clause is if they feel that the clause is trying to penalise the person in breach. Which I don't think is the case with yourself and Tay your order limited. The courts look to see if there are different levels of damages to be paid depending on how serious the breach is. Liquidate damages ...
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