Penalty vs Liquidated damages - 74

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Contract I Mind Map on Penalty vs Liquidated damages - 74, created by Jay Ganesh on 12/10/2013.
Jay Ganesh
Mind Map by Jay Ganesh, updated more than 1 year ago
Jay Ganesh
Created by Jay Ganesh over 10 years ago
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Penalty vs Liquidated damages - 74
  1. Liq. Damages
    1. fair, genuine & reasonable
      1. Proportionate to the loss
    2. Penalty
      1. Excessive
        1. Disprpportionate
      2. Reasonable interest on breach - liquidated damage
        1. higher interest from data of entering the contract - penalty
          1. higher interest from the date of breach - liquidated
            1. Compound interest at the same rate as simple - liquidated
              1. Compound interest higher than the simple - penalty
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