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Shart e Jazai
What is the Shart e Jazai?
The Shart e Jazai is a penalty that allows for a reduction in the price of manufactured goods if there is a delay in the delivery. Such a penalty is permitted in manufacturing contracts since the buyer requires goods at a fixed time. Without such a deterrent, a delay on the manufacturer’s part could have far-reaching consequences. This is particularly the case when the buying party is not the ultimate end user and will have follow-on commitments to third parties.

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