👉 In contract law, a "pre-liquidated" or "post-liquidated" agreement is an agreement that specifies the price to be paid for goods or services before they are actually delivered. It is often used in situations where there has been no formal negotiation of prices, but instead, the terms have been agreed upon by both parties and published as a contract. Pre-liquidated agreements can provide a level playing field for buyers and sellers, ensuring that the price paid is accurate and fair,
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What is the definition of Preliquidate? 🙋
👉 Preliquidate is a phrase used in legal and business contexts to refer to the act of making an offer or agreement that is not fully realized or executed. This can occur when a party has made an initial offer, but then later decides not to pursue it because they are unable to fulfill their obligations under the agreement. The term is often used in situations where one party has made an initial offer and another party has declined to accept it, leaving the initial offer unfulfilled. The phrase can also
