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Gatekeeper Contract and Vendor Management Glossary

Search common contracting language and take a deeper dive to discover what each means

Glossary > L

Liquidated Damages

A Contract Provision that estimates and fixes in advance the sum payable to the affected Party as Damages for another Party's Breach of Contract.

You can search for this contract provision in Gatekeeper from anywhere in the platform by using the Global Search Engine. 

This allows you to quickly access the information you need so you can manage a breach of contract effectively. 

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