Penalty clauses are being enforced and contested across industries right now. From federal courts upholding indemnity penalties against ship captains to Tesla imposing $50,000 resale restrictions, companies and regulators are aggressively deploying financial and contractual penalties to control behavior and protect interests.
·Federal judge enforces NOAA indemnity clause against captain in maritime dispute
·Tesla requires Signature Edition buyers to sign no-resale agreements with $50,000 penalty
·Zomato removes pricing penalty clause from its platform policies
·FuelEU penalties create new compliance obligations for maritime charterers and owners
·IMSA adds conduct clause with penalty warnings to motorsports rulebook
drawn from Massachusetts Lawyers Weekly, Montgomery Advertiser, Electrek, Mintz · updated 25d ago