Law Advocate Group
Relationships in the business world usually involve some sort of contract or agreement. Whether they are between business partners, stakeholders, employees, clients, or vendors, these contracts are an essential structure to any activity in which a business is involved.
It is of the upmost importance to have a strong contract as it can protect your company from going under.
It can be difficult to calculate the damages caused by a contract breach. This can be true if the contract includes future commercial ventures and partnerships.The parties may agree to add a “liquidated damages clause” in these circumstances.