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@accordproject/cicero-engine

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Cicero Engine - Node.js VM based implementation of Accord Protcol Template Specification execution

github.com/accordproject/cicero

accordproject/cicero

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Late Delivery and Penalty. In case of delayed delivery of Goods, {{buyer}} shall pay to {{seller}} a penalty amounting to {{penaltyPercentage}}% of the total value of the Goods for every {{penaltyPeriod}} of delay. The total amount of penalty shall not, however, exceed {{capPercentage}}% of the total value of the delayed goods. If the delay is more than {{maximumDelay}}, the Buyer is entitled to terminate this Contract.