China Supply Chain Contracts: The Contract (Liquidated) Damages Provision
Supply Chain Management Review (SCMR.com, October 2015))
2 Pages Posted: 2 Oct 2020
Date Written: 2015
A well crafted and reasonable liquidated damages provision is one of the best leverage tools available for preventing the counterpart and supplier in a supply chain contract from breaching their agreements. This is also the primary reason for having a written contract in the first place. In this article, we discuss what the parameters of a good liquidated damages provision should look like in a China focused supply chain contract.
Keywords: China, Contracts, Liquidated Damages, Liquidated Damage Clauses, Supply Chain, Supply Chain Contracts
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