You may have asked someone to perform a task for you or you may have decided you wanted to move into a new apartment. You entered into a contract only to realize down the road that the other party has flaked and is now refusing to answer your calls. Even the apartment complex is no longer accepting phone calls or emails from you, and you are a week away from move in. What are you supposed to do should you find yourself on the receiving end of a contract breach? The below consequences may give you an example of what you can expect in terms of damages and payment from the guilty party.
Liquidated Damages
In every legally binding contract, there should be a section that talks about what will happen if one person does not hold up their end of the bargain contemplated in the agreement. This section should