{"iri":"https://folio.openlegalstandard.org/RCNKm9EnW4P2a7noaWhJg4j","label":"Penalty Clause","sub_class_of":["https://folio.openlegalstandard.org/RDe0RKU39BlhcyACJW30ZLc"],"parent_class_of":[],"is_defined_by":null,"see_also":[],"comment":null,"deprecated":false,"preferred_label":null,"alternative_labels":[],"translations":{"fr-fr":"Clause pénale","es-es":"Cláusula penal","es-mx":"Cláusula penal","pt-br":"Cláusula penal","en-gb":"Penalty Clause","de-de":"Strafklausel","he-il":"סעיף עונשי","hi-in":"दंड अनुबंध","zh-cn":"违约条款","ja-jp":"違約条項"},"hidden_label":null,"definition":"A penalty clause is a provision in a contract that specifies a predetermined amount of money or other penalty that one party will owe to the other if they breach the terms of the contract.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}