How to Determine Penalty and Compensation for Damages from Breach of Commercial Contract?
| Founded year: | 2012 |
| Country: | Vietnam |
| Funding rounds: | Not set |
| Total funding amount: | Not set |
Description
Compensation for damage means a remedy whereby the breaching party pays compensation for the loss caused by a contract-breaching act to the aggrieved party. The basis for arising damages is a breach of the contract; there is material loss and act of breaching the contract is the direct cause of the loss.
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