party penalty

  • 1penalty clause — n 1: a clause (as in a contract) that calls for a penalty to be paid or suffered by a party under specified terms (as in the event of a breach) and that is usu. unenforceable ◇ A penalty clause differs from a liquidated damages clause by not… …

    Law dictionary

  • 2penalty — pen·al·ty / pen əl tē/ n pl ties 1: a punishment that is imposed on a wrongdoer by statute or judicial decision 2: a pecuniary sum that by agreement is to be paid by a party who fails to fulfill an obligation to another and that is punitive… …

    Law dictionary

  • 3penalty — An elastic term with many different shades of meaning; it involves idea of punishment, corporeal or pecuniary, or civil or criminal, although its meaning is generally confined to pecuniary punishment. Allied v. Graves, 261 N.C. 31, 134 S.E.2d 186 …

    Black's law dictionary

  • 4penalty — An arbitrary prearranged sum that becomes payable if one party breaches a contract or undertaking. It is usually expressly stated in a penalty clause of the contract. Unlike liquidated damages, a penalty will be disregarded by the courts and… …

    Big dictionary of business and management

  • 5penalty clause —    A provision in a contract stating that if one party breaks the contract (e.g., by failing to deliver goods), that party will be required to pay a penalty, usually in money …

    Business law dictionary

  • 62006 Thai political party dissolution charges — Party dissolution charges are a series of events and scandals that eventually led to the dissolution of the Thai Rak Thai Party, Thailand s biggest political party, and a few small parties following a general election in April,… …

    Wikipedia

  • 7Democratic Party (United States) — Democratic Party …

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  • 8Criticisms of Communist party rule — This article only discusses criticisms that are specific to Communist states and not necessarily to other forms of socialism. See criticisms of socialism and criticisms of Marxism for discussions of literature and viewpoints objecting to… …

    Wikipedia

  • 9Criticisms of communist party rule — Part of the series on Communism …

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  • 10Constitution Party (United States) — Constitution Party Chairman Jim Clymer Senate Leader None …

    Wikipedia