PENAL CLAUSE: Cezaî şart, ceza şartı (someone declares and undertakes to complete something. In case of delay he or she, who undertakes to complete the project agrees to pay a compensation for delay.

Samples:
The seller declares and undertakes to complete the Property by the completion date set forth in this Agreement (in Clause 5) fully in a habitable condition.

Above the clause implies a commitment for the seller.
(Yukarıdaki madde, satıcı için bir taahhüt içermektedir).

Clause 5 (Penal Clause):
Completion Date: 30.12.2007
Tamamlanma Tarihi: 30.12.2007

Default Payment-Monthly: Two Hundred English Sterling Pounds
Gecikme Tazminatı-Aylık: İkiyüz İngiliz Sterlini
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