Letter P
contract law
Penalty Clause
A liquidated damages provision unenforceable because the stipulated amount bears no reasonable relationship to anticipated harm and serves to punish breach.
Related terms
More legal terms starting with P
Looking for citation help? How to cite law · Citation methodology
See also: Full glossary index
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.