LAW
- pionós conarthach Reference Téarmeolaithe COM-GA
- ga
- contractual penalty
- en
- Definition penalty clause stipulated in a contract to estimate damages in the event of non-performance or breach of contract Reference "COM-EN based on: Lexology. Liquidated damages and penalty clauses: a civil law versus common law comparison, http://www.lexology.com/library/detail.aspx?g=d413e9e1-6489-439e-82b9-246779648efb [27.8.2012]"
- Comment Whether or not such clauses are enforced by the courts depends on the jurisdiction in question. In some jurisdictions, courts might be able to reduce the amount if they find it disproportionate or excessive.