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" LIQUIDATED DAMAGES---SCOPE AND APPLICATION UNDER PAKISTAN AND UK LAWS WHILE REMEDYING BREACHES UNDER COMMERCIAL CONTRACTS   LIQUIDATED DAMAGES---SCOPE AND APPLICATION UNDER PAKISTAN AND UK LAWS WHILE REMEDYING BREACHES UNDER COMMERCIAL CONTRACTS   "What is more in accordance with good faith among humans is to maintain the agreement they have made" [Ulpian]   By Shafqat Mahmood Khan LL.M, Islamabad   1. Introduction   As the principle of contract law which has been emerged by various Court decisions is that the parties who entered into a contract no doubt expected that the contract would be carried out, but they also contemplated the possibility of the contract not being carried out. So, keeping the possibility of contract not being carried out, the parties being supported by the law whose function is to enable rights to be vindicated and to provide remedies when duties have been breached stipulate a sum to be payable in the event of breach, in order to get the compensation from the party in default. Keeping in view this principle, the parties under the contract are entitled to claim compensation against the party in default. In claiming compensation in the form of damages, normally the law has prescribed criteria by which the parties at the time of signing a commercial contract may agree on certain fixed percentage related to the default in performance of the contract. If such sum is a genuine per estimate of loss it is termed as Liquidated Damages (LDs).   In this article, we will discuss the scope of LDs under Pakistani and United Kingdom (UK) laws and its practical applications by the Pakistani and UK Courts while remedying breaches under commercial contract. The major discussions will be under Pakistan laws; however, UK…