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Glossary   >   L   >   "Liquidated Damages" Definition            Liquidated Damages Present in certain legal contracts, this provision allows for the payment of a specified sum should one of the parties be in breach of contract. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Liquidated Damages - Present in certain legal contracts, this provision allows for the payment of a specified sum should one of the parties be in breach of contract.