Person signing a contract

INSIGHT: Not so risky business
How to increase transaction closing certainty

Bloomberg Tax

United States Publication September 2020

What do you do when a buyer backs out? One option is to have a liquidated damages clause in the agreement. William D. Davis II and Kaitlin L. McLellan of Norton Rose Fulbright explain how liquidated damages can be used to shift additional risk to the buyer and increase closing certainty.

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