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.

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  • Part of Speech: noun
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  • Blossary:
  • Industry/Domain: Law
  • Category: Contracts
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Related terms

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

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