Legal analysis: According to the provisions of the Civil Code, the amount and calculation method of liquidated damages are agreed by both parties signing the contract; if there is a liquidated damages clause in the contract but the amount of liquidated damages is not written in the contract, the amount of liquidated damages needs to be determined based on the specifics of the liquidated damages. The terms are negotiated and determined; if there is no liquidated damages clause, corresponding compensation may also be required if losses are proved. If the parties to the contract have not agreed on the standard of liquidated damages for overdue payment, the people's court may calculate the liquidated damages for overdue payment by referring to the standards for calculating and charging overdue loan interest by financial institutions stipulated by the People's Bank of China. When the People's Bank of China adjusts the standards for calculating and charging overdue loan interest by financial institutions, the People's Court may accordingly adjust the calculation standards for calculating liquidated damages for overdue payments. The parties may agree that when one party breaches the contract, it shall pay a certain amount of liquidated damages to the other party based on the circumstances of the breach, or they may agree on a method for calculating the amount of compensation for losses arising from the breach of contract. If the agreed liquidated damages are lower than the losses caused, the parties may request the People's Court or the arbitration institution to increase the amount; if the agreed liquidated damages are excessively higher than the losses caused, the parties may request the People's Court or the arbitration institution to appropriately reduce it. If the parties agree on liquidated damages for delayed performance, the defaulting party shall also perform its debts after paying the liquidated damages.

Legal basis: Article 583 of the "People's Republic of China and Civil Code" If one party fails to perform its contractual obligations or the performance of its contractual obligations does not comply with the agreement, after performing its obligations or taking remedial measures, If the other party has other losses, it shall compensate for the losses. Article 584 If one party fails to perform its contractual obligations or performs its contractual obligations inconsistently with the agreement, causing losses to the other party, the amount of compensation shall be equal to the losses caused by the breach of contract, including the benefits that can be obtained after the contract is performed; however, this shall not The losses that may be caused by the breach of contract exceed those that the breaching party foresees or should have foreseen when entering into the contract.