Home > Terms > English, UK (UE) > Penalty clause

Penalty clause

Provision in a contract that imposes a specified sum on the defaulting contracting party for a specified default.

This is auto-generated content. You can help to improve it.
0
Improve it
  • Part of Speech: noun
  • Synonym(s):
  • Blossary:
  • Industry/Domain: Law
  • Category: Contracts
  • Company:
  • Product:
  • Acronym-Abbreviation:
More
Collect to Blossary

Other Languages:

More

Member comments

You have to log in to post to discussions.

Related terms

penalty clause
Law; Contracts

Provision in a contract that imposes a specified sum on the defaulting contracting party for a specified default.

penalty clause
Construction; General

A provision in a contract that provides for a reduction in the amount otherwise payable under a contract to a contractor as a penalty for failure to meet deadlines or for failure ...

penalty clause
Law; Legal services; General law

A contract clause that calls for payment of a specific amount of money to punish a breach. Unlike liquidated damages, it is not based on the money that would compensate for the ...

penalty clause
Law; General law

A contract clause that calls for payment of a specific amount of money to punish a breach. Unlike liquidated damages, it is not based on the money that would compensate for the ...

clause
Language; Grammar

Group of words containing a subject and its verb.

Contract
Law; Contracts

Contract, same meaning of agreement, a commercial contract this is a commercial agreement

contract
Law; Contracts

A lawful agreement between two or more parties, usually written is called as contract.Contract was made between both parties in written form.

act no.
Law; Contracts

A product, such as a statute, decree, or enactment, resulting from a decision by a legislative or judicial body

coll.
Law; Contracts

collected, coll., follows the number of an act, eg. Act No 111 Coll.

commercial register
Law; Contracts

a document that compulsorily registers individuals and legal entities (companies) engaging in commercial activities

as amended
Law; Contracts

a legislative measure altered formally by adding, deleting, or rephrasing

Terms in the News

Featured Terms

Harry8L
  • 0

    Terms

  • 0

    Blossaries

  • 1

    Followers

Industry/Domain: Weddings Category: Wedding florals

Garland

Elaborately woven rope or strand arrangement, typically used to adorn pews and doorways. A garland can also be paraded down the aisle by two or three ...

Contributor

Featured blossaries

10 Most Popular YouTubers

Category: Entertainment   2 10 Terms

Aggressive sharks

Category: Animals   5 5 Terms

Browers Terms By Category

TERMS

SOCIAL

EXTRAS

SOLUTIONS