An employment contract may state the amount of liquidated damages to be paid if the contract is breached. Upon a party's breach, the other party will recover this amount of damages whether actual damages are more or less than the liquidated amount.
If the agreed-upon liquidated damage amount is unreasonable, the Court will hold the liquidated damage clause to be void as a penalty. If the Court declares the clause to be void, the employer would have to prove the actual damages.
Creating legal forms is a must in today's world. However, you don't always need to seek professional help to create some of them from the ground up, including Queens Liquidated Damage Clause in Employment Contract Addressing Breach by Employee, with a platform like US Legal Forms.
US Legal Forms has more than 85,000 templates to pick from in different categories ranging from living wills to real estate paperwork to divorce documents. All forms are organized according to their valid state, making the searching process less frustrating. You can also find detailed materials and guides on the website to make any tasks associated with document completion simple.
Here's how to locate and download Queens Liquidated Damage Clause in Employment Contract Addressing Breach by Employee.
If you're already subscribed to US Legal Forms, you can locate the appropriate Queens Liquidated Damage Clause in Employment Contract Addressing Breach by Employee, log in to your account, and download it. Of course, our website can’t take the place of a lawyer completely. If you need to deal with an extremely challenging situation, we advise getting an attorney to review your document before executing and submitting it.
With more than 25 years on the market, US Legal Forms proved to be a go-to platform for many different legal forms for millions of customers. Join them today and get your state-compliant documents effortlessly!
