E-learning - corporate (standard British)
Vocal Characteristics
Language
EnglishVoice Age
Middle Aged (35-54)Accents
British (General) British (Received Pronunciation - RP, BBC)Transcript
Note: Transcripts are generated using speech recognition software and may contain errors.
In this lesson, we will learn about key terminology and conditions surrounding consequential losses and total liability, the appropriate legal stance on consequential loss for minimising risk, how to consider consequential loss and total liability on a risk review on what the consequences are for improperly managing your liability when negotiating an agreement. First, let's recap what we've learned about liquidated damages in previous modules. We'll start by examining the definition of liquidated damages and when and why they're used. Liquidated damages describe what a customer is entitled to in specific cases where contract terms are not met. Agreeing the amount for liquidated damages allows the organisation to manage costs, limited liability for certain breaches of contract, avoid disputes and prevent any legal escalation or ambiguity.