asc 606 liquidated damages

Posted on: January 16, 2021 Posted by: Comments: 0

asc 606 liquidated damages

201 et seq. liquidated damages provision can be an effective way to fix the amount of money one party will pay to the other if a breach occurs, drafting an enforceable and effective liquidated clause is not as simple as stating, if X breached, then Y gets $1 &RQQRU *URXS _ 6LOLFRQ 9DOOH\ 6DQ )UDQFLVFR 6DOW /DNH &LW\ %RVWRQ 1HZ

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