a clause in a contract stipulating a penalty for failure to fulfil certain of its obligations.
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| 单词 | θ177183 |
| 释义 | society > law > legal obligation > contract > [noun] > written contract or text of > specific clauses in contract (4) penalty clause1893 a clause in a contract stipulating a penalty for failure to fulfil certain of its obligations. waiver clause1894 a clause in the prospectus of a joint-stock company, by which the subscribers are made to contract themselves out of the provision of the Companies… exclusion clause1937 a clause in a contract disclaiming liability for something (cf. sense compounds above). exclusion1977 An item or eventuality specifically not covered by an insurance policy or other contract; an exclusion clause. |
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