penalty clause


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Related to penalty clause: Liquidated damages clause
Translations

penalty clause

n (in contract) → penale f
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References in periodicals archive ?
Iran is invoking the penalty clause of the gas sales purchase agreement (GSPA) signed between the two countries in 2009, reported The News.
Napoli is considering signing him as well; especially since his penalty clause is AaAaAeA@1/420 million and they are willing pay for a player who performed excellently in Italy a year ago.
The measure does not have a penalty clause, however, for people who refuse to heed the order for a minute-long pause and prayer.
One of them also argued that the penalty clause in the new notification for violation of environmental norms by construction projects was ambiguous and propagated "pay and pollute" policy.
The department of Local Government and Human Settlements must explain to us why they did not exercise penalty clause on contractors.
Thus, any tenable action for termination cannot be brought in contract and must be brought in tort in accordance with the general rules given that the penalty clause relates to the obligations imposed in contract upon its parties and calls for a penalty in the event of breach while the contract is still in force.
Beirut: Investigative Judge George Rizk charged Tarek Yatim with first-degree murder under Article 549 of the Lebanese penal code, sometimes known as the death penalty clause, for the stabbing death of George Al Rif over a traffic dispute on July 18, 2015.
Although there are any number of breaches that can give rise either to a penalty clause or a liquidated damages clause, the two most common categories of tenant misconduct are: when the tenant leaves too early--when the tenant abandons the tenancy; and when the tenant stays too long--when the tenant holds over after the natural conclusion of the lease.
If so, does the council have the forethought to put a penalty clause into these contracts, as a regular person would?
UEFA published a statement that said if Chelsea enforced the penalty clause for the two - legged semifinal tie they would be sanctioned.
It also says Batelco reserved the bank guarantee, which was a penalty clause stipulated in the contract in the event the agreement was cancelled.
Batelco also made reservation on the bank guarantee relating to the penalty clause stipulated in the contract in case the agreement has been cancelled.