Penalty Clause. Notwithstanding the REGISTRY's authority to rescind the Contract for any of the reasons mentioned in Clause Seven of this contract, and to request compensation for all damages caused, the REGISTRAR, by virtue of this penalty clause, which is of a cumulative nature and does not replace article 1152 of the Civil Code, is required to pay the REGISTRY an amount of up to €3,000 (THREE THOUSAND EURO) VAT EXCLUDED:
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