Stipulated damages
Defined in 2 dictionaries — Ballentine's (1916), Bouvier (1839)
Ballentine's Law Dictionary
James A. Ballentine · 1916
Same as Liquidated damages.
A Law Dictionary, Adapted to the Constitution and Laws of the United States
John Bouvier · 1839
in contracts, is the sum agreed by the parties to be paid, on a breach of a contract, by the party violating his engagement, to the other. It is difficult to distinguish, in some cases, between stipulated damages and a penalty, (q. v.). 3 Chitty’s ‘Common Law, 627; 2 Bos. & Pull. 346. The effect of inserting stipulated damages, either at law or and the prescribed sum must be given. Holt, C. N. P. 46; Newl. Contr. 313; see 5 Taunt. Rep. 247. Vide Damages, Liquidated.