Definition

Penalty clause (Ro.: clauză penală, Fr.: clause pénale, n.f., Gr.: ποινική ρήτρα, Cz.: sankční doložka) (See also: damages) = a contractual stipulation or provision whereby the parties agree in advance and in appreciation regarding the amount of compensation which shall be owed by the defaulting party, in the event of failure or improper fulfillment of obligations.

 

Useful links

Online Publications

http://www.ejls.eu/10/127UK.pdf - Garcia, Ignacio Marin, 2012, Enforcement of penalty clauses in civil and common law: a puzzle to be solved by the contracting parties, European Journal of Legal Studies 

http://www.ugb.ro/Juridica/Issue1RO/6_Delimitari_ale_clauzei_penaleLudusanRO.pdf - Luduşan, Florin, 2014, Delimitarea clauzei penale de alte instituţii similare, George Bacovia University

http://www.reedsmith.com/files/Publication/e5e3e826-020f-4c4d-b5b1-ab1a8b50530f/Presentation/PublicationAttachment/085e07b6-e8f9-402c-b980-cc660a4956d2/0804crit.pdf - McKenna, J. Frank, 2008, Liquidated Damages and Penalty Clauses: A Civil Law versus Common Law Comparison, ReedSmith

http://www.jus.unitn.it/cardozo/Review/2003/gallarati.pdf - Gallarati, Alberto, 2002, La clausola penale: funzione deterrente e risarcitoria, Università degli studi di Trento

Publications

Adam, Ioan, 2011, Drept civil. Obligaţiile. Contractul, Bucharest, C.H. Beck Publishing House

Boroi, Gabriel, Anghelescu, Carla Alexandra, 2012, Curs de drept civil. Partea generală, 2nd Edition, Bucharest, Hamangiu Publishing House

Chirică, Dan, 2008, Tratat de drept civil. Contracte speciale, Volumul I. Vânzarea si schimbul, Bucharest, C.H. Beck Publishing House

Deleanu, Ion, Deleanu, Sergiu, 2003, Consideraţii cu privire la clauza penală, Pandectele Romane, supliment

Pop, Liviu, Popa, Ionuț Florin, Vidu, Stelian Ioan, 2012, Tratat elementar de drept civil. Obligațiile, Bucharest, Universul Juridic Pulishing House

Legislation

http://legeaz.net/dictionar-juridic/clauza-penala - Civil Code, Romania [Romanian]

http://www.legifrance.gouv.fr/affichCodeArticle.doidArticle=LEGIARTI000006436944&cidTexte=LEGITEXT000006070721&dateTexte=20080215&fastPos=1&fastReqId=1060617395&oldAction=rechCodeArticle%20 – Code Civil, Art. 1226, France [French]

http://www.dirittoprivatoinrete.it/la_clausola_penale.htm - Codice Civile, Italy [Italian]

http://www.brocardi.it/codice-civile/libro-quarto/titolo-ii/capo-v/sezione-ii/art1382.html - Codice Civile, Italy [Italian]

 

By Ioana Rațiu