Liquidated damages meaning in urdu
| Liquidated damages meaning in urdu. The other meanings are Paani Feb 28, 2024 · What are Liquidated Damages? Liquidated damages are pre-determined, specific sums of money agreed upon by parties in a contract, to be paid in the event of a breach. The courts typically require that the parties involved make the most LIQUIDATED DAMAGES definition: in a written agreement, a sum of money that one person, organization, etc. Liquidated damages are the amount of money that both parties in a contract agree upon if a breach of contract occurs or legal action arises as a result of the contract breach. As defined in the famous case of Dunlop Pneumatic Tyre Co. [Verb] قتل کرنا. Definition of Liquidate in English: verb (used with object) 1. The Rekhta Dictionary is a significant initiative of Rekhta Foundation towards preservation and promotion of Urdu language. to settle or pay (a debt): to liquidate a claim. This article endeavours to examine this concept from both the English and Pakistani legal perspectives. 2. Liquidated Meaning In Urdu. LIQUIDATED definition: 1. Jan 17, 2023 · The approach of the courts means , before drafting a liquidated damages clause, businesses should :-Explain liquidated damages amount – a contract should explain the liquidated damages amount in full detail. Liquidate Urdu Meaning - Find the correct meaning of Liquidate in Urdu, it is important to understand the word properly when we translate it from English to Urdu. The other meanings are Bay Baqi Sep 19, 2022 · Definition of Liquidated Damages. While both liquidated damages and penalty clauses involve payment of a predetermined amount in the event of a breach, their purposes and treatment under the law differ. b) General Damages: These damages are awarded for non-monetary losses, such as pain and suffering, emotional distress, or loss of consortium. Meaning of Liquidate in Urdu: 1 . g. Liquidation Urdu Meaning - Find the correct meaning of Liquidation in Urdu, it is important to understand the word properly when we translate it from English to Urdu. An example, liquidated damages might be paid out if one or more parties to the contract failed to perform their duties as expected. Liquidated damages serve as a pre-agreed compensation for specific breaches, aiming to estimate actual losses. Learn more. Liquidated meaning in Urdu is Paani sa karna (پانی سا کرنا). e. LIQUIDATED DAMAGES meaning: in a written agreement, a sum of money that one person, organization, etc. The objective of the liquidated damages provision is not to enrich the non-breaching party but to compensate for actual and reasonable losses caused by the breach. The amount of the liquidated damages is supposed to be the parties' best estimate at the time they sign the contract of the damages that would be caused by a breach. There are always several meanings of each word in Urdu, the correct meaning of Liquidation in Urdu is حساب, and in roman we write it Hisaab. 3. Nov 25, 2020 · A liquidated damages clause specifies a predetermined amount of money that must be paid as damages for failure to perform under a contract. LIQUIDATED meaning: 1. 2 . Jun 28, 2017 · A liquidated damages clause lays out the amount of damages that would need to be paid to the injured party if a breach of contract were to occur. 3 . 14 examples: This includes the cost of unscheduled resources and liquidated damages. - Where the case is… The Rekhta Dictionary is a significant initiative of Rekhta Foundation towards preservation and promotion of Urdu language. May 13, 2024 · How do courts determine whether a provision constitutes liquidated damages or a penalty? Courts assess whether a provision is liquidated damages or a penalty based on its primary purpose. The damages which are non-pre-agreed, i. May 4, 2021 · Liquidated damages is essentially a formula or means to calculate, in advance, “actual” damages a party may suffer should the other party fail in its contractual performance. This includes a description of how the parties calculate the figure, a schedule describing the factors that make up the amount, and About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features NFL Sunday Ticket Press Copyright . Mar 22, 2019 · One such example is the law pertaining to liquidated damages under the provisions of the Contract Act 1872. to cause a business to close, so that its assets…. If the provision primarily aims to compensate for actual or anticipated losses, it is likely considered liquidated damages. Liquidated Damages Unliquidated Damages; Meaning: The pre-agreed damages, which the party breaching the contract pays to the aggrieved party, are called liquidated damages. [Verb] چکتا کرنا. Liquidated damages, also referred to as liquidated and ascertained damages (LADs), [1] are damages whose amount the parties designate during the formation of a contract [2] for the injured party to collect as compensation upon a specific breach (e. Liquidated Damages Urdu Meaning with Definition. vs. , late performance). to reduce (accounts) to order; determine the amount of (indebtedness or damages). Examples of liquidated damages in a sentence, how to use it. Liquidated Damages is an English word that is used in many sentences in different contexts. past simple and past participle of liquidate 2. Oct 1, 2024 · Liquidated damages clauses VS penalty clauses: Key differences. will pay to the other if…. To simply put, liquidated damages are pre-estimated or ascertained damages that are foreseen/envisaged by the parties and are stipulated within the agreement/ contract. They serve as a measure of compensation for the non-breaching party, intended to reflect the actual or anticipated loss resulting from the breach. The conceptual understanding of liquidated damages remains critical to the contracting parties in Pakistan, and its legal controversy has engulfed academics, jurists, and Courts alike. Sep 20, 2021 · Indeed, if a liquidated damages provision is enforceable, actual damages stemming from the same breach are not recoverable. Jul 9, 2024 · Liquidated damages are meant as a fair representation of losses in situations where actual damages are difficult to ascertain. Jun 22, 2023 · How Are Liquidated Damages Different from Penalty Clauses? A liquidated damages clause is a reasonable number that tries to predict the entirety of the harm done by a breach of contract, but a penalty clause is an unreasonably high number, serving as a punishment for a breach of contract. There are always several meanings of each word in Urdu, the correct meaning of Liquidate in Urdu is صاف کرنا, and in roman we write it Saaf Karna. Compensatory damages aim to compensate the injured party for actual losses incurred due to the defendant’s actions. Liquidated Meaning in English to Urdu is صاف کرنا, as written in Urdu and Saaf Karna, as written in Roman Urdu. Liquidation : तरलता : لیکویڈیشن : The company's liquidation was a result of mounting debts. [3] Google's service, offered free of charge, instantly translates words, phrases, and web pages between English and over 100 other languages. The Indian Courts focus on awarding a reasonable compensation to the suffering party which does not exceed the amount fixed in the contract. If these criteria are not met, a liquidated damages clause will be void. Liquidated Damages meaning in Urdu is a ادا شدہ ہر جائے - Ada shuda har jaye. Section: Section 74 of the Indian Contract Damages can be liquidated in a contract only if the injury is uncertain or difficult to quantify, the amount is reasonable and considers the actual or anticipated harm caused by the breach and the damages are structured to function as damages and not as a penalty. Accurate Liquidated Translation, Synonyms and Antonyms. If one of the parties breaches the contract, it agrees to pay the liquidated damages to the other party. Liquidated damages, on the other hand, are the true pre-estimate of the damage. Pronunciation of Liquidated in roman Urdu is "Paani sa karna" and Translation of Liquidated in Urdu writing script is پانی سا کرنا. See more translations in Hindi & Urdu. Similar words of Liquidated are also commonly used in daily talk like as Liquidate, Liquidate, and Liquidated Damages. Liquidate : तरल करना : نقد کرنا : The company had to liquidate its assets to pay off its debts. While the English law distinguishes between a penalty and liquidated damages, in India, there is no such distinction. Generally speaking, liquidated damages provisions are upheld in private construction as owners face potential lost profits, construction loan interest and loss of use, which are inherently difficult to estimate. Kindly donate to help us sustain our efforts towards building the best trilingual Urdu dictionary for all. , are assessed by the court after the breach of the contract is, unliquidated damages. [Verb] کیش میں تبدیل کرنا. Ltd. A dedicated team is continuously working to make you get authentic meanings of Urdu words with ease and speed. Aug 1, 2023 · a) Compensatory Damages: These are the most common form of damages awarded in civil cases. bmith gdvpwu naane oury nwta zthjusc figf krmtc pvz huxax |