Tag: business

Penalty, Liability, Contractual Clause.

The Role of the Penalty Clause in Business

The interest in this topic is determined, on one hand, by the way of interpreting the provisions which regulate the contractual liability in general and of those regarding the penalty clause in particular, and, on the other hand, by the formulation of certain proposals de lege ferenda. By stipulating the penalty clause,

BRAND: The Role of the Penalty Clause in Business

In the latest volume of the BRAND, the legal adviser Maria Stegariu, in the article The Role of the Penalty Clause in Business, explains the most important things that need to be known regarding the penalty clause and emphasizes the place that the penalty clause occupies within a business.