How to calculate liquidated damages constellation _ how to calculate liquidated damages

Method and formula for calculating liquidated damages on a daily basis

The number of days of liquidated damages is generally calculated from the day after the agreed performance period. If the period is calculated by year, month and day, the start date will not be calculated, and it will be calculated from the second day. The breaching party shall pay the liquidated damages according to the agreed amount.

Legal basis:

The period of Article 201 of the Civil Code of People's Republic of China (PRC) shall be calculated according to the year, month and day, counting from the next day, excluding the counting day. If the period is counted in hours, it shall be counted from the time stipulated by law or agreed by the parties. Article 585 The parties may agree that one party shall pay a certain amount of liquidated damages to the other party for breach of contract, or may agree on the calculation method of the amount of compensation for losses caused by 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.