California Codes, Civil Code - CIV, Division 3 — Obligations, Part 2 — Contracts, Title 4.5 — Liquidated Damages, Chapter 2 — Default on Real Property Purchase Contract, Section 1678
If more than one payment made by the buyer is to constitute liquidated damages under Section 1675, the amount of any payment after the first payment is valid as liquidated damages only if (1) the total of all such payments satisfies the requirements of Section 1675 and (2) a separate liquidated damages provision satisfying the requirements of Section 1677 is separately signed or initialed by each party to the contract for each such subsequent payment.
Notes
Limits later buyer payments designated as liquidated damages to situations where the total of all such payments satisfies the governing statutory amount requirements and each payment after the first is covered by a separate liquidated-damages clause satisfying the required formatting and separately signed or initialed by every contracting party.
Use as reference
Lexinter.net | California Code, Civil Code - CIV § 1678 | https://laws.lexinter.net/codes/california/civil-code/division-3/part-2/title-4-5/chapter-2/section-1678