AE v ZV [2014] NZDT 559 (9 June 2014) [pdf, 32 KB]
...awarded in Tribunal proceedings (Disputes Tribunals Act 1988 s 43), parties to a contract can agree to include provision for costs in their contract. Costs could include the cost of seeking legal advice and taking time off work as well as the filing fee. Comparison of agreed damages with potential loss [19] The agreed sum would be a penalty if it were extravagant and unconscionable in amount in comparison with the greatest loss that could possibly follow from the breach. However...