Jedná se o jeden ze způsobů zajištění závazkového právního vztahu. Smluvní pokuta představuje určitou částku stanovenou ve smlouvě, kterou je dlužník povinen zaplatit, pokud řádně a včas nesplní svoji smluvní povinnost. K povinnosti zaplatit smluvní pokutu se nevyžaduje, aby oprávněnému účastníku závazkového vztahu vznikla porušením povinnosti jakákoliv škoda.
Právní úprava smluvní pokuty se primárně nachází v občanské zákoníku (§ 544 a 545). Obchodní zákoník obsahuje jen dílčí úpravu ( § 300 až 302). Dohoda o smluvní pokutě musí mít písemnou formu, jinak je neplatná. Zároveň musí být v dohodě určena výše smluvní pokuty nebo stanoven způsob jejího určení. Dohoda také musí obsahovat povinnost, jejíž porušení zakládá nárok oprávněného požadovat smluvní pokutu.
Není možné požadovat smluvní pokutu a zároveň náhradu škody v důsledku porušení téže povinnosti. Smluvní pokuta plní funkci paušalizované náhrady škody. I když by způsobená škoda přesahovala smluvní pokutu, není možné se náhrady škody dovolávat. To neplatí, pokud si strany výslovně sjednají, že vedle smluvní pokuty má poškozená strana právo i na náhradu škody.
Obchodní zákoník neumožňuje zbavit se povinnosti zaplatit smluvní pokutu tím, že by povinná osoba prokázala, že existovaly okolnosti vylučující odpovědnost (§ 374 obchodního zákoníku). Povinná strana se tedy nemůže své odpovědnosti zprostit, ledaže by si strany dohodli něco jiného.
Právní úprava obchodního zákoníku v § 301 umožňuje soudu, aby nepřiměřeně vysokou smluvní pokutu snížil s přihlédnutím k hodnotě a významu zajišťované povinnosti (moderační právo). Smluvní pokuta po snížení soudem nesmí být nižší než výše škody vzniklé do doby soudního rozhodnutí. Pokud vznikne později další škoda, je poškozený oprávněn požadovat náhradu škody a to až do výše smluvní pokuty (§ 373 a násl. obchoního zákoníku).
Pokud jedna strana odstoupí od smlouvy, nezaniká tím nárok na zaplacení smluvní pokuty. Stejně tak pokud dojde k zaplacení smluvní pokuty, nezaniká tím povinnost, která byla v případě porušení zajištěna smluvní pokutou.
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