Tag: consequential-damages
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“Consequences of Breaking a Contract in Florida”
1. Florida law recognizes both express and implied contracts. 2. When a party breaches a contract, the non-breaching party has the right to sue for damages. 3. Damages can be compensatory or punitive in nature. 4. Compensatory damages include direct, consequential, liquidated, and incidental damages. 5. To recover damages, the non-breaching party must prove that…
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The Rules of Lis Pendens in Florida: What You Should and Shouldn’t Do
– A lis pendens is a notice of a pending lawsuit against real estate in Florida. – It provides notice to third parties that there is a lawsuit concerning the property. – A lis pendens also protects the plaintiff from any intervening liens on the property filed after the lis pendens. – Property owners may…
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“Understanding the Importance of Liquidated Damages in Construction”
1. An owner can reinforce the completion date of a construction project through a liquidated damages provision, which includes a daily monetary rate for each day of delay. 2. The provision is designed to reasonably compensate the owner for delay to the completion date, and is easier to prove than actual damages. 3. The provision…