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Tag: Liquidated damages

Claiming Liquidated Damages for Late Deliveries

Case Study: Claiming Liquidated Damages for Late Deliveries

  • Fredrik Axelsson
  • 26 October 2024
  • Cases
Background of the Case Imagine that you’re Alex, a buyer working for a company called Stellar Electronics, which manufactures high-quality consumer gadgets. Stellar relies on various suppliers to provide the components needed...
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General sourcing process and assessing current situation in step 2

Liquidated damages in procurement contract.

  • Fredrik Axelsson
  • 4 August 2024
  • Tactical procurement
The purpose of, in general, liquidated damages in procurement contract is to increase certainty and avoid the legal costs of determining actual damages later if the contract is breached. But what is...
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