Liquidated damages

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The application of the 'prevention principle' in relation to LAD provisions is as important as it is to extension of time clauses (and often the 2 will be inextricably interlinked). See Peak v McKinney (1971) 69 LGR 1 CA. The editors of Keating on JCT Contracts (at 1.1-113) suggest that a contract...

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