penalty clause

English - Turkish

Definition of penalty clause in English Turkish dictionary

(Kanun) ceza maddesi

(Kanun) ceza klozu

English - English

Definition of penalty clause in English English dictionary

Clause in a countertrade contract that specifies sanctions against one or both signatories of the contract in the event of nonperformance on contractual obligations

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 of the project to meet contract specifications

the part of a contract which says what someone will have to pay or do if they do not obey the agreement, for example if they do not complete work on time

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

Hyphenation

pen·al·ty clause

Turkish pronunciation

penılti klôz

Pronunciation

/ˈpenəltē ˈklôz/ /ˈpɛnəltiː ˈklɔːz/