A contractual penalty is a pre-agreed monetary sanction for breach or defective performance; the exclusion of damages shields the breaching party from liability for further losses caused by that breach, particularly indirect or consequential damages.
Source: https://de.wikipedia.org/wiki/Vertragsstrafe
Matching tools and partners
Free · No password · Never a paywall. Weekly top news and facts from logistics.
Content reviewed and editorially cleared.
Share your knowledge, ask follow-up questions, or add practical insights to this page. Every contribution is moderated before publication.