违约罚款 meaning in English
liquidated damages
penalty for nonperformance of contract
Examples
- If party b fails to finish the work on schedule due to its own reason , he shall pay the other party the penalty at 1 of the total value of per work day , that is usd one thousand two hundred and sixty dollars only
例1 ：如果乙方因自身原因而未准时完工，乙方应付违约罚款，每天按总价的千分之一计算，即一千二百六十美元整。