David Adelstein | Florida Construction Legal Updates In construction, the adage “Time is Money!” rings true for all parties involved on a project. This includes an owner of a project that wants a project completed on time, i.e., by a substantial completion date. While substantial completion is often defined as when an owner can use a… Continue reading “Time is Money” in Construction and this is Why There is a Liquidaged Damages Provision
Tag: Liquidated Damages Clause
Liquidated Damages Clauses: A New Legal Analysis
Kent B. Scott | Babcock, Scott & Babcock | April 5, 2017 There is a new law on the books! The Utah Supreme Court has recently changed Utah law concerning liquidated damages clauses in contracts. The High Court’s recent ruling simplifies the test used to determine whether or not a court will enforce a liquidated… Continue reading Liquidated Damages Clauses: A New Legal Analysis