penalty clause

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Translations

penalty clause

n (in contract) → penale f
References in periodicals archive ?
I hope that any public funding will include penalty clauses linked to the shortfall between the actual energy generated and the energy predicted.
Penalty clauses are unenforceable and it is the foolish attorney who uses the word "penalty" in drafting a contract --except in the phrase "not a penalty.
PENALTY clauses have cut more than PS1billion from NHS hospital budgets over four years, it was revealed yesterday.
This has triggered penalty clauses in the DB Regio contract and transport authority members want to keep an eye on how well the situation is being addressed.
The purchase contracts of these materials, according to the report, lack the adequate guarantees and penalty clauses.
In such a situation, the Commission is bent on insisting that the penalty clauses are fully enforced.
Johan de Waal, the former chairman of the opposition party, DTA, believes that if authorities are serious about fighting corruption and wasteful expenditure, a new State Finance Act that will bring penalty clauses for Accounting Officers that do not adhere to the established rules on public expenditure, should be implemented without delay.
This places the project team under enormous pressure to deliver work that is coordinated and meets contract obligations to avoid high penalty clauses.
The penalty clauses apply to the whole contract, including the management fee," he said.
Asked whether there would be any financial penalties for G4S on its pounds 284m contract, Mrs May said the firm's deal was with organisers Locog, but she understood that penalty clauses were included.
In a real estate marketplace where clear-cut rules of engagement between a buyer and seller are still being moulded, potential buyers are better off arming their agreements with penalty clauses.
Penalty clauses may deter members from breaking strike out of fear of the financial consequences.