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@accordproject/cicero-engine

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

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{ "name": "latedeliveryandpenalty", "version": "0.0.1", "description": "Late Delivery and Penalty. In case of delayed delivery except for Force Majeure cases, the Seller shall pay to the Buyer for every 9 DAY of delay penalty amounting to 7% of the total value of the Equipment whose delivery has been delayed. Any fractional part of a DAY is to be considered a full DAY. The total amount of penalty shall not however, exceed 2% of the total value of the Equipment involved in late delivery. If the delay is more than 2 WEEK, the Buyer is entitled to terminate this Contract.", "accordproject": { "template": "clause", "cicero": "^0.23.0", "runtime": "es6" }, "keywords": [] }