Fortune Telling Collection - Comprehensive fortune-telling - If the rental contract has not expired, how to calculate the unilateral breach of contract?
If the rental contract has not expired, how to calculate the unilateral breach of contract?
When the creditor or debtor no performance at all is in debt, he must pay a certain amount of money to the other party as agreed. Its establishment is to ensure the performance of the debt, even if the other party has not suffered any property losses, it should also pay liquidated damages in accordance with the provisions of the law or the contract.
Legal basis: Article 585 of the Civil Code of People's Republic of China (PRC).
The parties may agree that when one party breaches the contract, it shall pay a certain amount of liquidated damages to the other party according to the situation of breach of contract, and may also agree on the calculation method of the amount of compensation for breach of contract.
If the agreed liquidated damages are lower than the losses caused, the people's court or arbitration institution may increase the liquidated damages at the request of the parties; If the agreed liquidated damages are excessively higher than the losses caused, the people's court or arbitration institution may appropriately reduce them at the request of the parties.
If the parties concerned pay liquidated damages for delayed performance, the breaching party shall also perform the debt after paying the liquidated damages.
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