The dissenting judge concluded that the penalty clause
was not unconscionable.
He says: "If the person selling the house agrees to complete before March 24, you can always add a penalty clause
to the contract, saying that if they fail to do so, the value of your offer is reduced by the amount of stamp duty you will have to pay.
is ripe for reexploration; the modern form and
There may have been arrears, as well as a penalty clause
for terminating the loan agreement early.
A Jordanian court ruled in Mohammad's favor and sentenced Diana to three months in jail, or pay the penalty clause
in the contract between them.
Liverpool would argue that under new Premier League rules regarding parent companies, if the club itself is a fully solvent entity, as Liverpool are, then the penalty clause
should not apply.
The application judge declared that the clause was not only a penalty clause
but also unconscionable, and thus unenforceable on both counts.
Appeal, which concluded that it was a penalty clause
. On further appeal
THE rail contractor whose failure to supply engineers fuelled travel chaos over New Year, had no penalty clause
in its contract, according to Network Rail.
Atletico claim the Arsenal star had agreed a deal with them that included a penalty clause
of two million euros if he backed out.
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.
The interest rate would be 8% (the prime rate at that time) with no prepayment penalty clause