If the contract stipulates the liability for breach of contract and specifies the specific amount of liquidated damages, the agreement shall prevail; If there is no agreement, it shall be handled in accordance with the law.
[Legal Basis]
In Article 114 of the Contract Law, the parties may agree that when one party breaches the contract, it shall pay a certain amount of liquidated damages to the other party according to the circumstances of the breach, and may also agree on the calculation method of the amount of compensation for losses arising from the breach. If the agreed liquidated damages are lower than the losses caused, the parties may request the people's court or arbitration institution to increase them; If the agreed liquidated damages are too high for the losses caused, the parties may request the people's court or arbitration institution to reduce them appropriately. If the parties agree on liquidated damages for delay in performance, the defaulting party shall perform its obligations after paying the liquidated damages.