unconscionable" penalty clauses
will be struck down.
I'm told the reason for not putting exorbitant penalty clauses
in is they'll just put the cost of the contract up.
The interest rate would be 8% (the prime rate at that time) with no prepayment penalty clause
The key is to make the amount of damages a reasonable amount so that the court will not consider the provision a penalty clause
make sure your contract has stringent penalty clauses
for failure to perform.
And while the Los Angeles Unified School District's business czar said little can be done about past problems, he wants to ensure future, contracts include financial penalty clauses
for such foul-ups.
Consumers need to be certain of the length of time that a new price will remain in effect, the details of any contract including termination and penalty clauses
, as well as the ability of the supplier to pass through additional costs" said Mr.
Getting rid of the plane will, however, prove difficult as it is presently locked into a five-year long lease clad with penalty clauses
which are triggered in the event of early termination or breach of contract.
Huyssteen and Maxwell analyze the law of contracts in South Africa, including such matters as the definition and classification of contracts, contractual liability, relation to the law of property, good faith, burden of proof, defects, penalty clauses
, arbitration clauses, remedies in case of non-performance, damages, and power of attorney.
If I had confirmed a booking and then cancelled, I would probably have been subject to penalty clauses
This has triggered penalty clauses
in the DB Regio contract and transport authority members want to keep an eye on how well the situation is being addressed.
Until you are actually in charge of the ship you cannot actually see what the penalty clauses
are and what contracts have been signed up to.