Connecticut Seal

General Assembly

 

Proposed Bill No. 6897

 

January Session, 2007

 

LCO No. 2586

   

Referred to Committee on Judiciary

 

Introduced by:

 

REP. TABORSAK, 109th Dist.

REP. GODFREY, 110th Dist.

 

AN ACT CONCERNING LIQUIDATED DAMAGES PROVISIONS IN CONTRACTS.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

That the general statutes be amended to provide that in order for a liquidated damages provision in a contract to be enforceable, the person against whom the provision is to be enforced must initial a statement immediately following such provision that states "I have read this LIQUIDATED DAMAGES provision and I understand the meaning of it."

Statement of Purpose:

To promote fairness in contract law.