Welcome back to the informal series on commonly disputed legal clauses (from a procurement perspective). Today, Jeanette Nyden returns to talk about liquidated damages. Jeanette will help us bridge the legal world and the commercial world. Liquidated damages are more on the commercial side of legal language. What are liquidated damages? How does the clause work? How do you calculate the value of liquidated damages? Listen to this episode for the need-to-know details.
NOTE: *This is NOT legal advice. For adequate legal advice, please seek out adequate legal counsel—inside or outside your organization. *
Outline of This Episode
- [2:00] Learn more about Jeanette Nyden
- [3:40] What are liquidated damages?
- [8:00] Calculating the value of the liquidated damage
- [15:47] Assessing liquidated damages in the SaaS space
- [21:14] Liquidated damages versus consequential damages
- [23:16] Contract professionals make note
- [24:54] Connect with Jeanette Nyden
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