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Posted On: 09/30/2022 9:56:16 AM
Post# of 148892
Amarex Information: This post may helpful in explaining why the Amarex legal situation may not mean billions of dollars for CYDY.
Often in contracts like the one between Amarex and CYDY, where money damages could be huge and/or difficult to determine, there will be what is known as a "liquidated damages clause". This is very common.
Liquidated damages are presented in certain legal contracts as an estimate of otherwise intangible or hard-to-define losses to one of the parties. It is a provision that allows for the payment of a specified sum should one of the parties be in breach of contract.
There is a very good chance that such a clause exists between Amarex and CYDY, and that if CYDY wins against Amarex, whether in mediation or court, a liquidated damages clause would be enacted.
Often in contracts like the one between Amarex and CYDY, where money damages could be huge and/or difficult to determine, there will be what is known as a "liquidated damages clause". This is very common.
Liquidated damages are presented in certain legal contracts as an estimate of otherwise intangible or hard-to-define losses to one of the parties. It is a provision that allows for the payment of a specified sum should one of the parties be in breach of contract.
There is a very good chance that such a clause exists between Amarex and CYDY, and that if CYDY wins against Amarex, whether in mediation or court, a liquidated damages clause would be enacted.
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