Prospective Reasonableness: Assessing Liquidated Damages in Construction Contracts

Barbara Jordan | Dinsmore & Shohl LLP | February 24, 2016 Today, the Supreme Court of Ohio ruled that the reasonableness of a liquidated damages provision is determined by prospectively analyzing the per diem amount rather than the aggregate amount of damages assessed. Piketon v. Boone Coleman Constr., Inc., Slip Opinion No. 2016-Ohio-628, involves the late… Continue reading Prospective Reasonableness: Assessing Liquidated Damages in Construction Contracts

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