Decrease by the judge of the amount of the lump sum of the penalty clause of the contract

In a large majority of contracts, there is a penalty clause. The penalty clause is the clause by which a party to a contract undertakes to pay to his co-contractor a lump sum sum in case of non-performance of his obligations. In concrete terms, a penalty clause fixes the price of the penalty for the … Read moreDecrease by the judge of the amount of the lump sum of the penalty clause of the contract