penalty clause


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Related to penalty clause: Liquidated damages clause
Translations

penalty clause

n (in contract) → penale f
Collins Italian Dictionary 1st Edition © HarperCollins Publishers 1995
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The contract included a three-month penalty clause on both sides, which would be null and void if the coach failed to win both the Premier League and the CAF Champions League.
Iran has already withdrawn its notice it earlier issued in February 2019 to Pakistan saying it is going to move arbitration court against Pakistan for not laying down the pipeline in Pakistan's territory in stipulated time under the IP gas pipeline project and threatened to invoke the penalty clause of Gas Sales Purchase Agreement (GSPA).
Under a penalty clause, Pakistan is bound to pay $1 million per day to Iran from Jan.
IRAN has reportedly given a notice to Pakistan for moving the arbitration court for not laying down the pipeline in Pakistan's territory in stipulated time under the IP gas line project and threatened to invoke the penalty clause of Gas Sales Purchase Agreement (GSPA).
The guideline has been in preparation since 2016 and would be enforced after a round of consultation meeting with stakeholders where the penalty clause would also be discussed.
Aside from the incentive provision, the proponents also want that the proposed penalty clause be taken out as it would be better to provide support to anyone pursuing or promoting organic farming in the area.
As per the internal note of the petroleum division secretary sent to the prime minister, in February 2018 Iran had threatened to move the arbitration court against Pakistan for unilaterally shelving the IP gas line project invoking the penalty clause of the gas sales-purchase agreement (GSPA).
Iran is invoking the penalty clause of the gas sales purchase agreement (GSPA) signed between the two countries in 2009.
There is a penalty clause in the contract with the city of Malmo which regulates a deficiency in the proportion of certified teachers.
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.