This office lease clause describes the reasonable approach in addressing the obligations under which the tenant and the landlord must comply with all laws, orders and regulations of federal, state, county and municipal authorities and with any direction of any public officer or officers, pursuant to law, and all rules, orders, regulations or requirements.
New Jersey Clause Addressing Obligations to Comply with Laws Orders and Regulations Reasonable Approach
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US-OL13032A
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FAQ
Liquidated damages provisions are generally enforceable if they are intended to compensate the non-breaching party rather than penalize the breaching party. Contracts often provide for fixed amounts of money ? often called ?liquidated damages? ? for breaches of certain contract provisions.
Section -82 - Keeping to right. Upon all highways of sufficient width, except upon one-way streets, the driver of a vehicle shall drive it on the right half of the roadway.
New York enforces liquidated damages clauses so long as the damages are not a ?penalty.? JMD Holding Corp. v. Cong. Fin.
A liquidated damages clause is enforceable regardless of the actual loss suffered by a party, provided the amount payable is not a penalty, ie when it was agreed it was not out of all proportion to the legitimate interest of the innocent party in the enforcement of the primary obligation.
The provisions of this section for the payment to an employee of not less than 1 1/2 times such employee's regular hourly rate for each hour of working time in excess of 40 hours in any week shall not apply to employees engaged to labor on a farm or employed in a hotel or to an employee of a common carrier of ...
NJSA -82 He shall drive a vehicle as closely as possible to the right-hand edge or curb of the roadway, unless it is impracticable to travel on that side of the roadway, and except when overtaking and passing another vehicle subject to the provisions of sections -84 and -85 of this Title.
If a liquidated damages clause is found to be a penalty, it is unenforceable by the party seeking to impose it. Even where the liquidated damages clause is unenforceable because it is a penalty, the clause may still operate as a cap on general damages.
A liquidated damages clause is enforceable so long as [ ](a) the amount so fixed [?]is a reasonable forecast of just compensation for the harm that is caused by the breach,? and (b) the harm that is caused by the breach is one that [?]is incapable or very difficult of accurate estimate.? Given that [defendant's] new ...