Exemption from contractual penalties

Quelle: https://www.juraforum.de/lexikon/freistellung

TL;DR

An exemption from contractual penalties is a contractual arrangement under which a party is released from the obligation to pay a penalty defined in the contract for breach of certain contractual duties. The exemption may apply under specific conditions or circumstances, such as where the claim for penalties is waived or reduced, or where another party bears responsibility for the …

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