Damages and penalties Sample Clauses
The "Damages and penalties" clause defines the consequences and financial liabilities that arise if a party breaches the contract or fails to meet its obligations. Typically, this clause outlines the types of damages that may be claimed, such as direct, indirect, or consequential damages, and may specify any agreed-upon penalties or liquidated damages for specific breaches. By clearly stating the remedies and potential costs associated with non-compliance, this clause helps allocate risk between the parties and serves as a deterrent against contract violations, ensuring both sides understand the repercussions of failing to fulfill their contractual duties.
Damages and penalties. The Supplier is only liable for claims and damages from a Data Subject or a third party and administrative penalties from an authority targeting the Customer or otherwise, where the Supplier or a Subcontractor fails to fulfil its obligations according to the Data Processor Agreement and relevant Data Protection Laws. The Customer shall indemnify the Supplier with respect to any claims and damages from a Data Subject or a third party and administrative penalties from an authority caused by the Customer.
Damages and penalties. Claim for penalties or damages need to be submitted at the latest three month after the delay or the damage has been discovered. Both the Supplier and the contracting authority own the right to damages in the event of contingent dissolving of this contract if part knew about the reason of annulment at the time of signing the contract. Penalty claims can be demanded if: • Supplier has failed repeatedly to provide the contracting authority with requested spare- parts within time outlaid in this contract and after having a written notification thereof right to demand penalty according to General Contract provisions, JYSE 2014 products. • Supplier hires a subcontractor without written consent by the contracting authority is entitled to demand a penalty of 1000 euros for every subcontractor that has been hired without written consent.
Damages and penalties