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Are Liquidated Damages a Penalty?
Manage episode 223282362 series 2444552
This is is the first in a series of episodes that will focus on common risk-shifting provisions in construction contracts. I address the misconception that liquidated damages can be used by an owner as a penalty for the failure to timely complete a project. I also offer some examples of liquidated damages clauses that are unenforceable under Florida law.
About the host: Chad Walker is Board Certified in Construction Law by the Florida Bar. He is a partner in the Orlando office of Regan Whelan Zebouni & Atwood. You can reach Chad at 407-514-2621. You can also learn more about Chad's practice by visiting ConstructionLaw.Pro.
15 episodes
Manage episode 223282362 series 2444552
This is is the first in a series of episodes that will focus on common risk-shifting provisions in construction contracts. I address the misconception that liquidated damages can be used by an owner as a penalty for the failure to timely complete a project. I also offer some examples of liquidated damages clauses that are unenforceable under Florida law.
About the host: Chad Walker is Board Certified in Construction Law by the Florida Bar. He is a partner in the Orlando office of Regan Whelan Zebouni & Atwood. You can reach Chad at 407-514-2621. You can also learn more about Chad's practice by visiting ConstructionLaw.Pro.
15 episodes
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