Minimum penalty amount
Quelle: https://de.wikipedia.org/wiki/Vertragsstrafe
The minimum penalty amount is the lower limit of the monetary penalty specified in a contractual penalty clause, representing the smallest sum payable for breach, delay, or violation of contractual obligations, regardless of the actual damages or losses incurred.
Related Terms
You might also be interested in these terms
⚖️ ICC Incoterms 2020
Incoterms 2020 Simulator: Who bears costs & risk?
Analyze all 11 Incoterms 2020: cost matrix, risk timeline, insurance gap detector and customs responsibility – free, no login required.