Description Penalty/ Fine Sample Clauses

Description Penalty/ Fine. 1st Instance 2nd Instance 3rd Instance 1 Non-deployment of total manpower mentioned in the contract as per the date of joining Up to 15 Days, @1 % per day of the total value and Beyond 15 days cancellation of the contract with cancellation charges @ 10% of the order value. Up to 15 Days, @2 % per day of the total value and Beyond 15 days cancellation of the contract with cancellation charges @ 10% of the order value. Cancellation of the contract with cancellation charges @ 10% of the order value 2 If employee is found disclosing any confidential information/ document to the Service Provider/ any third parties Cancellation of the contract with cancellation charges @ 10% of the order value along with recovery of losses caused (if any) and legal action against the Service Provider depending on the gravity of the act - - 3 If the employee is Immediate payment in Immediate payment in Cancellation of the found responsible for actuals, equivalent to actuals, equivalent to contract with any theft, loss of the value of the article the value of the article cancellation charges @ material/ articles and theft/ lost/ damaged. theft/ lost/ damaged. 10% of the order value damages Replacement of Replacement of employee within 2 employee within 2 days days/ cancellation of contract as decided by the buyer depending on the gravity of the act. Ask GeMmy /
Sample 1
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Description Penalty/ Fine. 1st Instance 2nd Instance 3rd Instance 7 Delay in payments of take-home remuneration by the Service Provider and deposit of EPF and ESI (both employee and employer share) Rs. 100 per day for each default, warning to Service Provider to deposit the said amount within 7 working days Rs. 200 per day for each default, hold on all type of payments to Service Provider till the said amount is deposited to respective stakeholders and proof of same is submitted to Buyer Cancellation of the contract with cancellation charges @ 10% of the order value 9 PAYMENT TERMS This section provides details about the terms and conditions of payment towards the services, it may also include deduction of payment in case of faulty service. Some notable points under payment terms are-
Sample 1

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