Technically,penalty clauses are called liquidated damages clauses; if they are labeled penalty clauses,there is a long line of cases that say they are not enforceable.

Name: Technically,penalty clauses are called liquidated damages clauses; if they are labeled penalty clauses,there is a long line of cases that say they are not enforceable.
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This is correct. Penalty clauses are often referred to as liquidated damages clauses, and if they are labeled as penalties, they are typically not enforceable.

Technically,penalty Clauses Are Called Liquidated Damages Clauses; If They Are