Article 25. Penalties for the delay in delivery, shortage of goods, non-performance of work or failure to provide services

On contracting and legal basis of activity of business entities (670-I-son) · Date: 29.08.1998 · In force

In the event of late delivery, shortage of goods, non-performance of work or non-provision of services, the supplier (contractor) pays the buyer (customer) a penalty in the amount of 0.5 percent of the unfulfilled part of the obligation for each day of delay, but the total amount of penalty should not exceed 50 percent of the value of the undelivered goods, unperformed works or undelivered services. Payment of the penalty does not exempt the party that violated contractual obligations from compensation for damages caused by late delivery, shortage of goods, non-performance of work or failure to provide services.

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National Database of Legislation of the Republic of Uzbekistan (lex.uz). Original on lex.uz: lex.uz/docs/4403244

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Cite as: Article 25. Penalties for the delay in delivery, shortage of goods, non-performance of work or failure to provide services On contracting and legal basis of activity of business entities (670-I-son). neolex.uz/en/laws/law-10872/25 (lex.uz/docs/4403244)