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ˈpen·al·ty clause ΟΥΣ

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Αγγλικά
Was there a penalty clause should they decide to pull out?
www.oldham-chronicle.co.uk
The compulsory terms include penalty clauses that apply if the subsoil user fails to meet its obligations under the contract.
www.internationallawoffice.com
As another way to compensate for prepayment risk (which is a reinvestment risk), a prepayment penalty clause is often included in the loan contract.
en.wikipedia.org
Penalty clauses are only applicable to loans paid off prior to maturity.
en.wikipedia.org
When such transfer occurs to foreign clubs, the amount of the penalty clause is of free stipulation.
en.wikipedia.org
In contrast, a penalty clause is legally invalid, because it serves to punish the non-performer rather than compensate the injured party for its loss.
www.internationallawoffice.com
A completion time limit of three and a half years, with penalty clauses for failure of adherence to this limit, was written into the contract.
en.wikipedia.org
Paragraph 4 of that same article establishes an automatic annual reduction on the penalty clause.
en.wikipedia.org
The company is now believed to be pursuing the contract's $10-a-head penalty clause.
www.stuff.co.nz
On the other hand, the triggering of a penalty clause does not require proof of any real damage.
www.internationallawoffice.com

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