Anyone regularly reviewing construction contracts will come across those dreaded liquidated damage clauses. They require contractors, and in turn subcontractors, to make significant payments to ...

Liquidated damages refer to a provision allowing for the payment of a specified sum in the case of a breach of contract. Based on the value of the contracts, the percentage of the liquidated damage is ...

ATTORNEY General and Minister of Legal Affairs, Anil Nandlall, SC, has disclosed that dozens of contracts have been terminated across various sectors because of non-performance, with errant ...