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penalty
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penalty
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BGB 309. C penalty ) a provision by which the user is promised the payment of a contractual penalty in the event of non-acceptance or late acceptance of the performance , payment default or in the event that the other party to the contract frees himself from the contract ;
Title 4 Earnest , contractual penalty
Section 339 Payability of contractual penalty
BGB 339 Where the obligor promises the obligee , in the event that he fails to perform his obligation or fails to do so properly , payment of an amount of money as a penalty , the penalty is payable if he is in default . If the performance owed consists in forbearance , the penalty is payable on breach .