Barbara Jordan | Dinsmore & Shohl LLP | February 24, 2016 Today, the Supreme Court of Ohio ruled that the reasonableness of a liquidated damages provision is determined by prospectively analyzing the per diem amount rather than the aggregate amount of damages assessed. Piketon v. Boone Coleman Constr., Inc., Slip Opinion No. 2016-Ohio-628, involves the late… Continue reading Prospective Reasonableness: Assessing Liquidated Damages in Construction Contracts
Tag: Liquidated Damages
Ohio Supreme Court Upholds Liquidated Damages
Eric Travers | Kegler Brown Hill & Ritter | February 24, 2016 Ohio Supreme Court holds that the enforceability of a liquidated damages provision must be analyzed at the time of contracting, not at the end of a project. The Supreme Court of Ohio issued a decision today in Boone Coleman Constr. Inc. v. The… Continue reading Ohio Supreme Court Upholds Liquidated Damages