Damages - Netflix

Set in New York's world of high stakes litigation, Damages follows the lives of Patty Hewes, the nation's most revered and most reviled litigator, and her bright, ambitious protégée Ellen Parsons as they become embroiled in a class action lawsuit targeting Arthur Frobisher, one of the country's wealthiest CEOs. As Patty battles Frobisher and his attorney, Ellen learns what it takes to win at all costs -- and that lives, not just fortunes, are at stake.

Damages - Netflix

Type: Scripted

Languages: English

Status: Ended

Runtime: 60 minutes

Premier: 2007-07-24

Damages - Liquidated damages - Netflix

Liquidated damages (also referred to as liquidated and ascertained damages) are damages whose amount the parties designate during the formation of a contract for the injured party to collect as compensation upon a specific breach (e.g., late performance). When damages are not predetermined/assessed in advance, then the amount recoverable is said to be 'at large' (to be agreed or determined by a court or tribunal in the event of breach).

Damages - Example - Netflix

For example, suppose Neal Townsend agrees to lease a store-front to Richard Smith, from which Richard intends to sell jewellery. If Townsend breaches the contract by refusing to lease the store-front at the appointed time, it will be difficult to determine what profits Smith will have lost because the success of newly created small businesses is highly uncertain. This, therefore, would be an appropriate circumstance for Smith to insist upon a liquidated damages clause in case Townsend fails to perform. In the case of construction contracts, courts have occasionally refused to enforce liquidated damages provisions, choosing to follow the doctrine of concurrent delay when both parties have contributed to the overall delay of the project. Contracts in the NEC3 family use the term 'low service damages' (optional clause X.17) and generally include a Low Service Damages Schedule.

Damages - References - Netflix