词汇 | Stipulated Damages |
释义 | `1`Stipulated Damages `2` "Legal Lexicon": STIPULATED DAMAGES - The sum agreed by the parties to be paid, on a breach of a contract, by the party violating his engagement to the other. It is difficult to distinguish, in some cases, between stipulated damages and a penalty. The effect of inserting stipulated damages, either at law or equity, appears to be that both parties must abide by the stipulation and the prescribed sum must be given. --b-- |
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