non-cumulation clause of contractual penalties

A penalty stipulated in a contract for breach, with the amount capped by a maximum. It sets the upper limit of the contractual penalty payable in case...

The accumulation of contractual penalties refers to the application or assertion of multiple contractual penalty clauses (liquidated damages) simultan...

A contractually agreed liquidated damages clause in which the amount of the penalty is offset against other payments or claims arising from the busine...

Anrechnung (offsetting) means that a contractually agreed penalty is not paid separately but is set off or credited against other claims or obligation...

Monetary penalties agreed within freight contracts, imposed on the carrier or shipper for failure to comply with specified obligations such as deliver...

Definition describes the legal or contractually agreed upper limit (cap) on a contractual penalty for breach of contract; prevents excessive sanctions...