Penalty clause

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Related to Penalty clause: Liquidated damages clause

Penalty clause

A clause found in contract agreements that provides for a penalty in the event of default.

Penalty Clause

In a contract, especially a loan agreement, a clause stating that the payer must pay extra in the event of a late payment and/or default. The penalty clause states the amount of the penalty and the circumstances under which it must be paid.

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Penalty clauses may deter members from breaking strike out of fear of the financial consequences.

Union and Disunion--solidarity forever?

Part IV applies this pattern to the Penalty Clause.

The "other" side of Richardson v. Ramirez: a textual challenge to felon disenfranchisement

If they found that our contract with Geddo [was] valid then why didn't they apply the penalty clause and make him pay LE 30 million?

Geddo fined LE 2.2 million; Ahly and Zamalek 'unsatisfied'

15) Meanwhile, the majority believed that the presence of the option to resign was irrelevant to the analysis of whether the penalty clause was unconscionable: "The penalty clause in the union constitution is either unconscionable or it is not.

Penalty clauses through the lens of unconscionability doctrine: Birch v. Union of Taxation Employees, Local 70030

pre-estimate of damages but rather an unenforceable penalty clause.

Penalty clauses in Canadian contract law

Atletico claim the Arsenal star had agreed a deal with them that included a penalty clause of two million euros if he backed out.

Football: INTERNATIONALS - Atletico fury at Reyes switch

The Unfair Terms in Consumer Contracts Regulations 1999 states very clearly that a disproportionate penalty clause is unfair and therefore invalid.

LETTERS & OPINION: Get the banks on back foot

In a Communication adopted in 2000 COM(2000) 862), the Commission recommended dropping the 108% penalty clause, but the plan is currently on hold in the EU Council of Ministers.

ROAD TRANSPORT: NO CUT IN ECO-POINTS IN 2OO2

The interest rate would be 8% (the prime rate at that time) with no prepayment penalty clause.

Home free: avoiding prepayment penalties on your new house. (Consumer Life)

3 million at the Keeneland Sales in September, had to struggle on very soft ground before getting the better of Penalty Clause, after the pair had disputed the lead from over a furlong out.

Newfoundland muddles through heavy going

The key is to make the amount of damages a reasonable amount so that the court will not consider the provision a penalty clause.