- Penalty for delay in progress: If the Seller does not deliver on time as stipulated in Article III of this Agreement, the Seller shall be subject to a fine to the Purchaser by 0.5% of the total value of the intersection delay line for each day late. The time delay should not exceed 05 days, but the total penalty does not exceed 8% of the total contract value. If the time delay exceeds 05 days, as the Seller has unilaterally terminate the contract. If the Seller unilaterally cancel or terminate the contract or fails to comply with the agreement, pay compensation to the Purchaser the amount corresponding to 30% of the contract value.
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