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Liquidated damages provisions establish an agreed-upon figure or formula for calculating damages, regardless of and instead of the party’s actual losses.

In Part 2 of Craig Zucker’s conversation with Todd Sachse, Todd shares insights on leadership, company culture, reputation, and building a business designed to last for generations.

In Part 1 of a two-part episode of Forward Focus, Todd Sachse discusses entrepreneurship, risk-taking, and building Sachse Construction into a leading Detroit company.

Under Michigan law, a lender wanting to receive compound interest upon default must specifically provide as such in the note’s terms; otherwise, it will be calculated as simple interest.

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