penalty clause

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İngilizce - İngilizce
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
penalty clause

    Heceleme

    pen·al·ty clause

    Türkçe nasıl söylenir

    penılti klôz

    Telaffuz

    /ˈpenəltē ˈklôz/ /ˈpɛnəltiː ˈklɔːz/