G/Cicero-Template-CmA/LateDeliveryAndPenalty/0.md

/Docs/G/Cicero-Template-CmA/LateDeliveryAndPenalty/0.md
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Late Delivery and Penalty
In case of delayed delivery{{AltPrompt}}: (copy)- "forceMajeure.sec={{forceMajeure.AltX.sec}}" where X is 1-2:

except for Force Majeure cases

the Seller shall pay to the Buyer for every {{penaltyDuration}} of delay penalty amounting to {{penaltyPercentage}}% of the total value of the Equipment whose delivery has been delayed. Any fractional part of a {{fractionalPart}} is to be considered a full {{fractionalPart}}. The total amount of penalty shall not however, exceed {{capPercentage}}% of the total value of the Equipment involved in late delivery. If the delay is more than {{termination}}, the Buyer is entitled to terminate this Contract.