Are Liquidated Damages a Penalty?
This is is the first in a series of episodes that will focus on common risk-shifting provisions in construction contracts. I address the misconception that liquidated damages can be used by an owner as a penalty for the failure to timely complete a project. I also offer some examples of liquidated damages clauses that are unenforceable under Florida law. About the host: Chad Walker is Board Certified in Construction Law by the Florida Bar. He is a partner in the Orlando office of Regan Whelan Zebouni & Atwood. You can reach Chad at 407-514-2621. You can also learn more about Chad's practice by visiting ConstructionLaw.Pro.