How Do You Spell AGREED DAMAGE?

Pronunciation: [ɐɡɹˈiːd dˈamɪd͡ʒ] (IPA)

The spelling of the phrase "agreed damage" follows standard English pronunciation rules. The initial "a" sound is pronounced as in "cat" or "trap," while the "g" sound is hard, as in "goat" or "game." The vowel in the second syllable can be pronounced as either "ee" as in "meet" or as "eh" as in "bet," depending on regional differences. The final syllable contains the long "a" sound as in "day" and the soft "j" sound as in "jam." Together, the phonetic transcription can be written as /əˈɡrid ˈdæmɪdʒ/.

AGREED DAMAGE Meaning and Definition

1. Agreed damage refers to a predetermined amount of compensation that parties involved in a contract agree to pay or receive in the event of a breach of contract or non-performance. It establishes an agreed-upon financial remedy to address the harm caused by one party failing to fulfill their obligations as outlined in a contractual agreement.

   In contractual agreements, parties may anticipate possible future breaches or non-performance by including agreed damage clauses. These clauses outline specific financial consequences that would be incurred in the event of a breach. Agreed damage provisions aim to provide certainty and facilitate fair compensation, ensuring that the injured party is adequately compensated for any losses suffered due to the other party's failure to fulfill their contractual duties.

   The agreed damage amount can be expressed as a fixed sum or calculated based on specified criteria outlined in the contract. It serves as an alternative to pursuing legal action in order to determine the appropriate amount of compensation in the event of a breach. By agreeing upfront on the damages, the parties save time, resources, and potential disputes that may arise during legal proceedings.

   It's important to note that agreed damage clauses must be reasonable and proportionate to the potential harm suffered as a result of the breach. Courts may scrutinize and adjust the agreed damage amount if it is deemed excessive or unfair. Therefore, it is advisable for parties to carefully consider and negotiate the agreed damage terms when drafting a contract.

Common Misspellings for AGREED DAMAGE

• zgreed damage
• sgreed damage
• wgreed damage
• qgreed damage
• afreed damage
• avreed damage
• abreed damage
• ahreed damage
• ayreed damage
• atreed damage
• ageeed damage
• agdeed damage
• agfeed damage
• agteed damage
• ag5eed damage
• ag4eed damage
• agrwed damage
• agrsed damage
• agrded damage
• agrred damage

Etymology of AGREED DAMAGE

The term "agreed damage" does not have a distinct etymology as it is a combination of two separate words. However, we can look at the etymology of each word individually to understand their origins.

"Agreed" comes from the Old French word "agreer" which means "to accept, consent to, or receive favorably". It ultimately derives from the Latin word "ad-", meaning "to" or "towards", and "gratus", meaning "pleasing" or "grateful".

"Damage" comes from the Old French word "domage" which means "loss or injury". It is derived from the Latin word "damnum" meaning "harm, loss, or damage".

When used together, "agreed damage" typically refers to a pre-determined or previously arranged amount of compensation or indemnity for harm, loss, or injury.

Plural form of AGREED DAMAGE is AGREED DAMAGES