Liquidated damages are set to an amount the parties designate during the formation of a contract for an injured party to collect as compensation upon a specific breach of the agreement.
Swaps are privately negotiated trades between two parties to exchange cash flows on specified payment dates during the agreed-upon life of the contract.
Mentors and mentees meet approximately once a month and together both parties draw up a contract and set specific goals to be met within a defined period of time, from 6 to 12 months.