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Liquidated damages are the quantified damages payable by a party to the opposite party of the contract for the damages caused by his failure or on his incapacity to do or fulfill the conditions set in the agreement.
Janet Sparks is the former publisher of the Continental Franchise Review, an industry newsletter that covered the franchise community for over 30 years. She has also been a columnist for a leading franchise magazine for the past 13 years. Today she is an independent journalist who engages in investigative reporting, tackling complex issues that impact the franchise industry.
Janet can be reached at [email protected] or at 303-799-7398.