Ackeeox Sample Clauses

Ackeeox agrees to obtain and maintain throughout the term of this Agreement, at its own expense, liability insurance from a qualified insurance company naming Oxtails as additional insured. The liability insurance policy shall provide adequate protection for Ackeeox and Oxtails against any and all claims, demands and causes of action as referenced in Section 7.2 immediately above, or arising out of any defects or failure to perform, alleged or otherwise, relating to the Additional Retail Stores. The amount of such coverage under the liability insurance policies shall be at least one million dollars ($1,000,000) per occurrence. Each policy shall provide for sixty (60) days' notice to Oxtails from the insurer by registered mail, return receipt requested, in the event of any modification, cancellation, expiration or termination of each such policy. Ackeeox agrees to furnish Oxtails with a certificate of insurance evidencing such coverage upon request.

Ackeeox recognizes the great value of the goodwill associated with the Licensed Rights, and acknowledges that such goodwill belongs exclusively to Oxtails. Ackeeox further acknowledges and agrees that a breach by Ackeeox of any of its agreements, covenants or undertakings hereunder will cause Oxtails irreparable damage, which cannot be remedied in terms of damages in an action at law, thereby entitling Oxtails to equitable relief, costs and reasonable fees for attorneys. Unless expressly set forth to the contrary, either party's election of any remedies provided for in this Agreement shall not be exclusive of any other remedies available hereunder, or otherwise at law or in equity, and all such remedies shall be deemed to be cumulative.