The contract includes a penalty clause
of two months' salary if terminated.
No doubt, penalty clause
is there but it ought to be invoked if there was deliberate attempt on the part of Pakistan to run away from implementation.
It was reported at end of February 2018 that Iran sought $1.2 billion in damages as per the penalty clause
from January 1, 2015.
Hermods' responsibility with regard to the penalty clause
is now being reviewed from a legal perspective.
"A penalty clause
, being liquidated damages, is ancillary to a principal obligation.
Beirut: Investigative Judge George Rizk charged Tarek Yatim with first-degree murder under Article 549 of the Lebanese penal code, sometimes known as the death penalty clause
, for the stabbing death of George Al Rif over a traffic dispute on July 18, 2015.
Although there are any number of breaches that can give rise either to a penalty clause
or a liquidated damages clause, the two most common categories of tenant misconduct are: when the tenant leaves too early--when the tenant abandons the tenancy; and when the tenant stays too long--when the tenant holds over after the natural conclusion of the lease.
If so, does the council have the forethought to put a penalty clause
into these contracts, as a regular person would?
"The regulation would have been breached if the player had not been allowed the freedom to participate." UEFA published a statement that said if Chelsea enforced the penalty clause
for the two - legged semifinal tie they would be sanctioned.
It also says Batelco reserved the bank guarantee, which was a penalty clause
stipulated in the contract in the event the agreement was cancelled.
Batelco also made reservation on the bank guarantee relating to the penalty clause
stipulated in the contract in case the agreement has been cancelled.
The second most important thing, regardless of whether you are or aren't dealing with a solid real estate agent and/or a solid law firm, is that when you get into such agreements, you should first make sure that both parties are subjected to a kind of penalty clause
in case of not honoring the contract.