Liquidated Claim

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A liquidated claim is a debt or financial obligation where the exact amount of money owed is predetermined or easily determinable. There is no dispute about the amount owed, only the obligation to pay it.
The contract contained a liquidated damages clause specifying a fixed amount to be paid in case of breach.

Finding a specific legal case for a liquidated claim is unlikely, as it's a legal concept.

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Frequently Asked Questions

Common liquidated claims include unpaid invoices with a specific amount due, promissory notes with a set repayment amount, and liquidated damages clauses in contracts.

Unliquidated claims involve a dispute about the amount of money owed, requiring a court to determine the appropriate compensation.

Liquidated claims can expedite the debt collection process as the amount owed is not in question. However, courts may strike down excessive liquidated damages clauses.

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