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The school signed a mutual agreement and wanted to break it. Do I need to pay liquidated damages?
1. The two parties of the fresh graduates signed an agreement, and they need to pay liquidated damages according to the agreement after breach of contract.
2. Legal basis: Article 584 of the Civil Law of People's Republic of China (PRC) stipulates that if one party fails to perform its contractual obligations or fails to meet the contract obligations, thus causing losses to the other party, the amount of damages shall be equivalent to the losses caused by the breach of contract, including the benefits that can be obtained after the performance of the contract; However, it shall not exceed the losses that the breaching party foresaw or should have foreseen when concluding the contract.
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