Dissecting the Liquidated Damages Clause with Jeanette Nyden

<p>Welcome back to the informal series on commonly disputed legal clauses (from a procurement perspective). Today, Jeannette Nyden returns to talk about liquidated damages. Jeannette will help us bridge the legal world and the commercial world. Liquidated damages are more on the commercial side of legal language. What are liquidated damages? How does the clause work? How do you calculate the value of liquidated damages? Listen to this episode for the need-to-know details.</p><p><strong>NOTE</strong>:&nbsp;<em>This is NOT legal advice. For adequate legal advice, please seek out adequate legal counsel—inside or outside your organization.&nbsp;</em></p><h2>Outline of This Episode</h2><ul><li>[2:00] Learn more about Jeanette Nyden</li><li>[3:40] What are liquidated damages?</li><li>[8:00] Calculating the value of the liquidated damage</li><li>[15:47] Assessing liquidated damages in the SaaS space</li><li>[21:14] Liquidated damages versus consequential damages</li><li>[23:16] Contract professionals make note</li><li>[24:54] Connect with Jeannette Nyden</li></ul><h2>Connect with Jeanette Nyden</h2><ul><li>Jeanette’s&nbsp;<a href="https://www.jnyden.com/" rel="noopener noreferrer" target="_blank">Website</a></li><li>“<a href="https://www.jnyden.com/cpp/" rel="noopener noreferrer" target="_blank">The Contract Professional’s Playbook</a>” – Jeanette is the author</li><li>Follow on&nbsp;<a href="https://twitter.com/JeanetteNyden?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor" rel="noopener noreferrer" target="_blank">Twitter</a></li><li>Connect on&nbsp;<a href="https://www.linkedin.com/in/jeanettenyden/" rel="noopener noreferrer" target="_blank">LinkedIn</a></li></ul><h2>Connect With Mark</h2><ul><li>Follow Negotiations Ninja on Twitter:&nbsp;<a href="https://twitter.com/NegotiationPod" rel="noopener noreferrer" target="_blank">@NegotiationPod</a></li><li>Connect with Mark&nbsp;<a href="https://www.linkedin.com/in/markraffan/" rel="noopener noreferrer" target="_blank">on LinkedIn</a></li><li>Follow Negotiations Nin