Definitions of stipulated damages
amount which the parties to a contract agree is to be paid if there is a breach of contract (= failure to perform a contractual obligation)
The greater the difficulty of estimating damages, the more likely the stipulated damages will appear reasonable.
Phrase Bank for stipulated damages
Should the Company elect to terminate the Employee without Good Cause, the Employee shall be entitled to payment, as stipulated damages, of one month’ s salary.
Additional Notes for stipulated damages
unliquidated damages (noun) a claim for damages that are not agreed in the contract as a fixed amount of money: It is contended that this would cover unliquidated damages for breach of contract.