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Allocating risk

Liquidated damages

Every commercial contract has a damages architecture - the liability cap sets the ceiling, the exclusion clause carves out heads of loss, indemnities create standalone payments, and the liquidated damages clause fixes what is payable for specific breaches without proving loss. Treat these as independent clauses and you get gaps or false comfort. They are one integrated system.

Pillar guide

Liquidated damages vs general damages: the damages architecture.

Every commercial contract has a damages architecture - the liability cap sets the ceiling, the exclusion clause carves out heads of loss, indemnities create standalone payments, and the liquidated damages clause fixes what is payable for specific breaches without proving loss. Treat these as independent clauses and you get gaps or false comfort. They are one integrated system.

Read the pillar guide
  1. 01Liquidated damages or penalty?
  2. 02General damages and consequential loss
  3. 03Drafting liquidated damages clauses
  4. 04LDs and the liability architecture
  5. 05Liquidated damages across borders

Complete topic

All liquidated damages guides.

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