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Current as of March 28, 2024 | Updated by Findlaw Staff
If the parties agree in their contract what the damages for a breach shall be, they are said to be liquidated and, unless the agreement violates some principle of law, the parties are bound thereby.
Cite this article: FindLaw.com - Georgia Code Title 13. Contracts § 13-6-7 - last updated March 28, 2024 | https://codes.findlaw.com/ga/title-13-contracts/ga-code-sect-13-6-7/
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