Late Delivery and Penalty.

In case of delayed delivery of Goods, "Steve Seller" shall pay to
"Betty Buyer" a penalty amounting to 10.5% of the total
value of the Goods for every 2 days of delay. If the
delay is more than 15 days, the Buyer is entitled to
terminate this Contract.

Late Delivery and Penalty.

In case of delayed delivery of Goods, {{seller}} shall pay to
{{buyer}} a penalty amounting to {{penaltyPercentage}}% of the total
value of the Goods for every {{penaltyDuration}} of delay. If the
delay is more than {{maximumDelay}}, the Buyer is entitled to
terminate this Contract.

/*
 * Licensed under the Apache License, Version 2.0 (the "License");
 * you may not use this file except in compliance with the License.
 * You may obtain a copy of the License at
 *
 * http://www.apache.org/licenses/LICENSE-2.0
 *
 * Unless required by applicable law or agreed to in writing, software
 * distributed under the License is distributed on an "AS IS" BASIS,
 * WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
 * See the License for the specific language governing permissions and
 * limitations under the License.
 */

namespace org.accordproject.minilatedeliveryandpenalty

import org.accordproject.contract.* from https://models.accordproject.org/accordproject/contract.cto
import org.accordproject.party.* from https://models.accordproject.org/accordproject/party.cto
import org.accordproject.runtime.* from https://models.accordproject.org/accordproject/runtime.cto
import org.accordproject.time.* from https://models.accordproject.org/time@0.2.0.cto

/**
 * Data Model for the LateDeliveryAndPenalty template.
 */
asset MiniLateDeliveryClause extends Clause {
  --> Party buyer             // Party to the contract (buyer)
  --> Party seller            // Party to the contract (seller)
  o Duration penaltyDuration  // Length of time resulting in penalty
  o Double penaltyPercentage  // Penalty percentage
  o Duration maximumDelay     // Maximum delay before termination
}

/**
 * Defines a request for the clause
 */
transaction LateRequest extends Request {
  o DateTime agreedDelivery
  o DateTime deliveredAt
  o Double goodsValue
}

/**
 * Defines a response for the clause
 */
transaction LateResponse extends Response {
  o Double penalty
  o Boolean buyerMayTerminate
}