‘UK Supreme Court: liquidated damages survive termination’

“The UK Supreme Court has held that accrued liquidated damages survived termination where the contractor never completed the work in question. The relevant contract was for the development of software by Triple Point, and provided for the payment of liquidated damages for undelivered work ‘per day of delay from the due date for delivery up to the date PTT accepts such work’ …” (more)

[Lawrence Clare, Allen and Overy – Compact Contract, 20 July]

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