Decree No 18 / 1968 Coll.
Decree of the Chief Arbiter of the Czechoslovak Socialist Republic on the modification of property sanctions in investment construction
Valid
Effective from 27.02.1968
18
DECLARATION
Chief Arbiter of the Czechoslovak Socialist Republic
of 12 February 1968
on the adjustment of property penalties in investment construction
The main arbiter of the Czechoslovak Socialist Republic provides pursuant to § 395 of the Economic Code No. 109 / 1964 Coll.:
(to Article 295 (1) of the Economic Code)
(1) A supplier who is late in complying with the delivery obligation is obliged to pay the customer a penalty of 0,5% of the delivery price for each month of delay. Organisations may only increase this property penalty by express agreement.
(2) However, for the supply of sets of machinery and equipment which are fully or partly dealt with as tasks of the State Research and Development Work Plan, organisations may otherwise negotiate property sanctions. The agreement of the organisations may be replaced by a decision of economic arbitrage. *)
This Decree shall take effect on the date of its publication and shall apply until 31 December 1970.
Main Arbiter
Czechoslovak Socialist Republic:
Dr Dohnal v. r.
*) This provides for a derogation from the provisions of Sections 1 and 11 of Decree No. 139 / 1965 Coll., on the treatment of certain economic obligations, as amended by Act No. 119 / 1967 Coll.
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Regulation Information
| Citation | Decree of the Chief Arbiter of the Czechoslovak Socialist Republic No. 18 / 1968 Coll., on the modification of property sanctions in investment construction |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 27.02.1968 |
|---|---|
| Effective from | 27.02.1968 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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