Georgia Ports Authority v. Norair Engineering Corp.

Bell, Chief Judge.

If the parties agree in their contract what the damages for breach shall be, the damages are said to be liquidated; and unless the agreement violates some principle of law, the parties are bound. Code §20-1402; Chadwick v. Dolinoff, 207 Ga. 702 (64 SE2d 76). No. issue was made on appeal as to the validity of the liquidated damage clause or to that part of the court’s judgment granting the defendant $88,500 liquidated damages. The defendant rests its case on the proposition that the clause in the contract specifying the $500 a day liquidated damage rate for delay has no…