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Under the provisions of the Commercial Law, penalty for a breach means that the breaching party must pay a sum of money to the aggrieved party due to the breach of the violating party if the parties agree in the contract on the fine for a breach. Thus, the penalty for a breach only arises when there is a breach of the contract by the violating party and the parties have agreed on the penalty. #Commercialcontract

How to Determine Penalty and Compensation for Damages from Breach of Commercial Contract?

How to Determine Penalty and Compensation for Damages from Breach of Commercial Contract?

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