Penalty paid by the employee for early termination of a limited labour contract

Hi.

My limited-term employment contract states as below.

Please let me know, does this entitle my employer to deduct 6 months salary if I terminate the contract without serving a notice period.

"Should either party desire to terminate the renewed contract, such party shall notify the other party of such desire within (3 Months) prior to the date of termination. Such period shall be similar for both parties. Both parties have agreed that the termination wage to be paid by the terminating party to the other party shall be equivalent to the value of the worker’s total wage in (3 months). Such wage shall be similar for both parties."