The general requirements for a liquidated damages clause to be enforceable are that:
A) The liquidated damages clause applies only to unforeseeable damages.
B) Actual damages are difficult to determine and the liquidated damages amount is
reasonable.
C) The parties have rescinded the contract.
D) The breaching party used its best efforts to avoid a breach of the contract.
E) Actual damages exceed the amount foreseen by the parties.
B
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Indicate whether the statement is true or false
If it is very easy to get around patents in an industry, what do you need to focus on when determining to either innovate or imitate?
a. if a dominant design has been established b. is it possible to control complementary assets c. is it possible to improve the overall operating system d. is it possible to control inputs