Liquidated Obligation definition: Copy, customize, and use instantly
Introduction
A "Liquidated Obligation" is a debt or responsibility with a specific amount or a clear formula for calculating the amount owed, usually outlined in a contract. This differs from an unliquidated obligation, where the amount is uncertain and needs to be determined by a court or other authority.
Below are different ways to define "Liquidated Obligation" in contracts. Choose the one that fits your needs, customize it, and use it as needed.
Definition of "Liquidated Obligation" in Contract Law
This definition applies to contract disputes.
"Liquidated Obligation" means a specific, fixed amount of debt or liability that is established by agreement between the parties in a contract, and the exact amount is readily determinable without the need for further negotiation or legal proceedings.
Definition of "Liquidated Obligation" in Debt Agreements
This version connects to loan or debt agreements.
"Liquidated Obligation" refers to an amount that a debtor owes to a creditor, which is established by the terms of the loan or debt agreement, and is certain and calculable, without ambiguity or dispute.
Definition of "Liquidated Obligation" in Business Contracts
This definition applies to obligations in business contracts.
"Liquidated Obligation" refers to a contractual obligation where the parties have specified the exact amount to be paid in the event of a breach or other event, such as a penalty or liquidated damages clause in the business contract.
Definition of "Liquidated Obligation" in Employment Contracts
This version connects to employment agreements.
"Liquidated Obligation" refers to an obligation in an employment contract, such as severance pay or compensation due upon termination, that is determined in advance and specified in the contract, with a fixed sum or formula for payment.
Definition of "Liquidated Obligation" in Real Estate Transactions
This definition applies to real estate contracts.
"Liquidated Obligation" refers to an amount owed in a real estate contract, such as the purchase price, closing costs, or other financial obligations that are clearly outlined and fixed within the terms of the transaction.
Definition of "Liquidated Obligation" in Debt Recovery
This definition applies to recovering debts.
"Liquidated Obligation" refers to a fixed debt that is owed by one party to another, with a specific sum determined by prior agreement or contract, which can be pursued for collection without ambiguity.
Definition of "Liquidated Obligation" in Lease Agreements
This version connects to leases.
"Liquidated Obligation" means a clearly defined amount payable under the terms of a lease agreement, such as rent payments, security deposits, or damages for breach of lease, where the sum due is specific and agreed upon in advance.
Definition of "Liquidated Obligation" in Mergers and Acquisitions
This definition applies to mergers and acquisitions.
"Liquidated Obligation" refers to a predetermined debt or financial responsibility established as part of a merger or acquisition agreement, where the amount owed by one party to another is fixed and clearly defined.
Definition of "Liquidated Obligation" in Credit Transactions
This version applies to credit agreements.
"Liquidated Obligation" refers to a fixed debt amount under a credit agreement, such as a loan repayment or outstanding balance, that is determined by the terms of the credit contract and does not require further determination or calculation.
Definition of "Liquidated Obligation" in Loan Agreements
This definition relates to loan contracts.
"Liquidated Obligation" refers to the total amount a borrower is required to pay under a loan agreement, including principal, interest, and any other charges, which is determined and fixed when the loan is originated.
Definition of "Liquidated Obligation" in Bankruptcy Proceedings
This definition applies to bankruptcy cases.
"Liquidated Obligation" refers to an amount that is owed and determinable by a bankruptcy court or trustee, such as specific debts or obligations that have been fixed in prior agreements and are now subject to liquidation.
Definition of "Liquidated Obligation" in Insurance Claims
This version applies to insurance disputes.
"Liquidated Obligation" refers to the amount owed under an insurance policy, such as a claim payout, which is fixed and predetermined by the terms of the insurance contract.
Definition of "Liquidated Obligation" in Contract Breach
This definition applies to breach of contract situations.
"Liquidated Obligation" refers to the specific, agreed-upon sum of damages or compensation that must be paid in the event of a breach of contract, as outlined in a liquidated damages clause, which is fixed and calculable at the time of breach.
Definition of "Liquidated Obligation" in Partnership Agreements
This version connects to partnership law.
"Liquidated Obligation" refers to a debt or financial responsibility in a partnership agreement that has been predetermined, such as partner contributions or distributions, and is clearly defined without the need for further dispute.
Definition of "Liquidated Obligation" in International Trade
This definition applies to international business contracts.
"Liquidated Obligation" refers to a fixed financial duty outlined in an international trade agreement, such as payment for goods, services, or damages, where the amount is clearly specified and non-negotiable.
Definition of "Liquidated Obligation" in Credit Default
This version applies to credit default scenarios.
"Liquidated Obligation" refers to the amount owed under a credit agreement in the event of a default, such as accelerated payment of outstanding principal and interest, which is predetermined and specific.
Definition of "Liquidated Obligation" in Supply Agreements
This definition applies to supply contracts.
"Liquidated Obligation" refers to the fixed sum owed by one party to the other in the event of a breach of a supply agreement, such as penalty charges or liquidated damages for delayed deliveries.
Definition of "Liquidated Obligation" in Construction Contracts
This version connects to construction agreements.
"Liquidated Obligation" refers to the specific amount of money one party is liable to pay in a construction contract for failing to meet deadlines or quality standards, often agreed upon in advance as liquidated damages.
Definition of "Liquidated Obligation" in Franchise Agreements
This definition applies to franchise business relationships.
"Liquidated Obligation" means a clearly defined financial responsibility, such as franchise fees or royalty payments, owed under the terms of a franchise agreement, set at the start of the agreement.
Definition of "Liquidated Obligation" in Intellectual Property Licenses
This version applies to intellectual property licensing agreements.
"Liquidated Obligation" refers to a fixed amount owed for the use or license of intellectual property, such as royalties or licensing fees, which is determined at the time the agreement is executed.
Definition of "Liquidated Obligation" in Tax Settlement Agreements
This definition applies to tax-related settlements.
"Liquidated Obligation" refers to a specific and agreed-upon amount of tax debt that a taxpayer is required to pay under a settlement agreement with the tax authorities, which is clear and unambiguous.
Definition of "Liquidated Obligation" in Settlement Agreements
This version connects to settlement agreements.
"Liquidated Obligation" means a fixed sum that one party agrees to pay to the other in a legal settlement, often including damages or compensations for claims, which is calculated and specified in advance.
Definition of "Liquidated Obligation" in Mortgage Agreements
This definition applies to mortgage contracts.
"Liquidated Obligation" refers to the total amount owed under a mortgage loan, including principal, interest, and any other charges, which is specified and predetermined at the time the loan is agreed upon.
Definition of "Liquidated Obligation" in Licensing Agreements
This version applies to licensing contracts.
"Liquidated Obligation" refers to a clearly defined obligation in a licensing agreement, such as a fixed payment or lump-sum fee, agreed upon for granting or receiving licensing rights.
Definition of "Liquidated Obligation" in Non-Disclosure Agreements (NDAs)
This definition applies to NDAs in business contexts.
"Liquidated Obligation" refers to a pre-determined penalty or financial obligation that arises if a party breaches the confidentiality terms of the non-disclosure agreement, typically specified in advance.
Definition of "Liquidated Obligation" in Asset Purchase Agreements
This definition applies to agreements involving the transfer of assets.
"Liquidated Obligation" refers to the fixed sum or amount owed under an asset purchase agreement, such as the agreed-upon price for the transfer of assets, with no further adjustments or calculations necessary.
Definition of "Liquidated Obligation" in Joint Venture Agreements
This version applies to joint ventures.
"Liquidated Obligation" refers to the clearly specified financial responsibilities each party in a joint venture must meet, such as investment contributions or penalties for non-performance.
Definition of "Liquidated Obligation" in Software Development Contracts
This definition applies to software development agreements.
"Liquidated Obligation" refers to a fixed payment or penalty specified in a software development contract, which is determined in advance and related to milestones, delivery deadlines, or quality benchmarks.
Definition of "Liquidated Obligation" in Agency Agreements
This version applies to agency contracts.
"Liquidated Obligation" means a fixed amount of compensation or a predetermined financial responsibility that an agent or principal must pay to the other party under an agency agreement.
Definition of "Liquidated Obligation" in Construction Contracts
This version applies to construction agreements.
"Liquidated Obligation" refers to a pre-determined amount of money that a contractor or subcontractor agrees to pay in the event of a breach or failure to meet specific obligations under a construction contract, with the amount being specified in the agreement.
Definition of "Liquidated Obligation" in Loan Agreements
This definition applies to loan and credit contracts.
"Liquidated Obligation" means a specific, agreed-upon amount that a borrower is required to repay to the lender under the terms of the loan agreement, including principal, interest, and any applicable fees, which is fixed and predetermined in the contract.
Definition of "Liquidated Obligation" in Lease Agreements
This version applies to rental and lease contracts.
"Liquidated Obligation" refers to a fixed amount of rent, penalties, or other charges that a tenant agrees to pay in the event of a breach of lease terms, such as late payment or property damage, specified in the lease agreement.
Definition of "Liquidated Obligation" in Employment Contracts
This definition applies to employee agreements.
"Liquidated Obligation" refers to a predetermined amount that an employee or employer is obligated to pay in the event of a breach of contract, such as severance payments, penalties for early termination, or unpaid wages.
Definition of "Liquidated Obligation" in Insurance Policies
This version applies to insurance contracts.
"Liquidated Obligation" refers to a fixed and agreed-upon amount that an insurance company is required to pay to a policyholder or beneficiary under the terms of an insurance contract in the event of a covered loss or claim.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.