penalty clause

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Translations

penalty clause

n (in contract) → penale f
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References in periodicals archive ?
what the courts regard as penalty clauses is simply a manifestation of a
Economic Minister Andrew Davies last week claimed cancelling the lease would cost as much in penalty clauses as keeping the boxes.
The common law relating to penalty clauses is clear.
A lesson should be learned from the existing system - pounds 40 million of construction costs written off, pounds 10 million operating losses incurred, penalty clauses built into the manufacturer's contract for late delivery/faulty equipment not activated.
I doubt it'll be pursued but the penalty clauses for breach can be anything up to two years' dough.
STIFF penalty clauses to force contractors to finish the Ricoh Arena on time were not put in place because they were too costly, it has emerged.
For years utility and cable contractors have only needed permission from local councils to dig up roads, and haven't been constrained by time limits or penalty clauses.
In what has been called one of the worst business deals in the history of the country, the company agreed to penalty clauses in a 1993 contract with foreign vendors to install 1.
The company did not give a reason for its withdrawal, although it might have been discouraged by the strict performance targets and penalty clauses set for suppliers by the UK government.
Simply call lenders and ask them directly about their prepayment penalty clauses.
The courts considered liquidated damages provisions to be penalty clauses, and for this reason did not enforce the provision.
There may be penalty clauses if you don't reach targets, for example, and these targets may get harder once every Joe Bloggs on the block has an ATM.