Were your liquidated damages reasonable

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Reference no: EM131730975

A paper of at least 250 words in Step 2 below. Step 1 and 3 do not count towards your word count. Step 1 Include a copy of the contract that you initially drafted for Assignment #4 Step 2 Considering the feedback you received from both instructor and classmates for Assignment #4 and Discussion Board #7, answer the following questions. Did you adequately consider the ways that the contract could be breached when you wrote in your liquidated damages clause(s)? Was it possible to use your liquidated damages clause to easily and quickly determine the remedy for the scenarios in Discussion Board #7? If so, what would the damages be? If not, how would you determine the remedy for the breach? Were your liquidated damages reasonable or were they so costly that they would be considered a penalty? What did you find surprising or most challenging about this contract drafting assignment (all 3 parts)? Step 3 Revise your original contract based on your feedback and self-analysis and include the improved version at the end of your paper.

Reference no: EM131730975

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