{"iri":"https://folio.openlegalstandard.org/RvarcjDMtvkjKFA7vTQdDO","label":"Late Payment 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 de pénalité de retard de paiement","pt-br":"Cláusula de penalidade por atraso no pagamento","es-es":"Cláusula de penalización por pago tardío","es-mx":"Cláusula de penalización por pago tardío","de-de":"Klausel zur Verzugsstrafe","en-gb":"Late Payment Penalty Clause","he-il":"סעיף עונש עיכוב בתשלום","hi-in":"विलंबित भुगतान जुर्माना अनुबंध","zh-cn":"迟付款罚则条款","ja-jp":"遅延支払いペナルティ条項"},"hidden_label":null,"definition":"A Late Payment Penalty Clause is a provision in a contract that imposes a financial penalty on a party who fails to make a payment by the agreed-upon due date.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}