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SealCoat Paving enters into a contract with Royal Golf & Tennis Club to provide surface material for Royal s tennis courts by April 1 for
SealCoat Paving enters into a contract with Royal Golf & Tennis Club to provide surface material for Royals tennis courts by April for a tournament to begin May The contract specifies an amount to be paid if the contract is breached. This is a liquidated damages clause if the amount is
meant to pay for additional liquid sealant in the event of damage.
a reasonable estimate of the loss on a breach.
designed to penalize the breaching party.
intended to quickly provide cash to the nonbreaching party.
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