Statutes > Georgia Statutes > TITLE 13 - CONTRACTS > CHAPTER 6 - DAMAGES AND COSTS GENERALLY > § 13-6-7 - Damages and expenses recoverable -- Liquidated damages generally

§ 13-6-7 - Damages and expenses recoverable -- Liquidated damages generally

O.C.G.A. 13-6-7 (2010)
13-6-7. Damages and expenses recoverable -- Liquidated damages generally


If the parties agree in their contract what the damages for a breach shall be, they are said to be liquidated and, unless the agreement violates some principle of law, the parties are bound thereby.