Scio Demo - Liquidated Damages Pargraph (continued)

After processing the contract text, the system represents the text in analytical structures that can be used for contract analytics.

Here, we show both calculation of the Liquidated Damages due for a specific scenario – specific scheduled delivery date, actual delivery date, order value, etc., and a chart showing Liquidated Damages against delay time.

Below, the scenario details are on the right, where the calculated Liquidated Damages for this scenario is the third item from the bottom, in this scenario, 18,900.

On the left, the X axis represents delay time in days and the Y axis shows the Liquidated Damages amount. The vertical red line shows the case of the specific scenario provided on the right.

According to the specific clause Liquidated Damages comprise direct compensation for delay, depending on the delay period, and predetermined but optional compensation for replacement order, and so the chart shows both cases – with and without the replacement order compensation.