P.2 – The amount of a contractual penalty and how to determine it in reality Abstract. As ...

Overview Of Penalties For Breach Of Contract (part 2) – Lexology

P.2 – The amount of a contractual penalty and how to determine it in reality Abstract. As mentioned in the previous article in the series of articles on the Agreement on Penalties for breach of contract, the contractual breach is one of the commonest remedies for loss and damages as well as a measure to secure the performance of contractual obligations of the parties. As such, the contractual penalties should be under the parties’ care as drafting the agreement on penalties for contractual breach to ensure the most effective imposition of the contractual penalties. However, the prevailing regulations of laws …

 

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