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How are sales contracts with penalty clauses for non-compliance regulated in Costa Rica?
Sales contracts with penalty clauses for non-compliance in Costa Rica are regulated considering general principles of equity and proportionality. Penalty clauses must be reasonable and proportionate to the foreseeable harm caused by non-compliance. The legislation seeks to avoid excessive penalties that may be considered abusive. It is crucial to draft these clauses clearly and carefully to ensure their validity and enforceability. In the event of a dispute, courts will assess the reasonableness of penalties based on the circumstances of the contract and the degree of non-compliance.
How are cash transactions carried out by non-financial entities, such as jewelry stores and pawn shops, regulated in Bolivia?
Bolivia establishes specific limits and requirements for cash transactions in these entities, mitigating the risk of money laundering.
What is the minimum age for a teenager to work in Brazil and under what conditions?
In Brazil, the minimum age for a teenager to work is 14 years old, as long as certain conditions are met, such as obtaining authorization from parents or guardians, not interfering with their education, and respecting labor regulations to protect their health and safety.
What is the contractor selection process in scientific research projects financed by government entities in Ecuador?
The selection process of contractors in scientific research projects financed by government entities in Ecuador involves the evaluation of experience in similar research, the review of ethical protocols, and the participation of ethical review committees. Contractors must comply with ethical standards in the execution of scientific research projects.
What measures are applied to prevent the financing of terrorism in the construction sector in Panama?
Due diligence measures are applied in the construction sector to prevent terrorist financing, including the identification of clients and the reporting of suspicious transactions.
What is guardianship of the elderly in Venezuela?
Elderly guardianship in Venezuela is a legal measure established to protect and represent older people who, due to their age or disability, cannot make decisions for themselves. The conservator is appointed to look after the interests and well-being of the elderly person.
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