Breach of Contract Liability. 9.1 In the event that any party fails to perform any of its obligations hereunder or that any of its representations or warranties hereunder is essentially inaccurate or incorrect, such party shall be in default of this Agreement and shall compensate all losses suffered by the other parties.
9.2 This Section shall be legally binding whether or not this Agreement is amended, cancelled or terminated.
Breach of Contract Liability. 1. During the contract period, if either party violates the provisions of this contract, causing economic losses to the other party, they shall be liable for economic compensation.
2. If Party B violates the confidentiality agreement attached to this contract, they shall be liable for all losses incurred by Party A.
Breach of Contract Liability. 13.1 If Party A reclaims the property early due to reasons in Articles 12.1 and 12.2, Party A shall return Party B’s performance deposit (minus any penalties) and the rent for the remaining lease term.
13.2 If Party B terminates the lease early for reasons not attributable to Party A, the rent for the remaining period shall be refunded, but the performance deposit will not be returned.
13.3 If Party B violates Article IV of this contract by delaying rent payment, for delays of up to one month (inclusive), Party B shall pay Party A a penalty of 0.05% of the overdue rent amount for each day of delay. For delays exceeding one month, Party A has the right to terminate the contract and reclaim the property, and Party B shall pay a penalty of 10% of the total rent.
13.4 If Party B fails to vacate the property more than 3 days after the lease term ends, they shall pay Party A a penalty of 120% of the daily rent until the property is returned to Party A. If the delay exceeds two months, Party A may reclaim the property, and any items left inside will be considered abandoned by Party B, allowing Party A to dispose of them. Party B shall bear the losses and costs incurred in reclaiming the property.
13.5 Party A implements a “one-vote veto” system for fire safety, production safety, and management creation. If Party B violates any of these regulations, they shall follow the provisions set out in the “Safety Production Responsibility Agreement” and “Civilized Creation Responsibility Agreement for Leased Properties and Sites” signed with Party A. If Party B receives three rectification notices and fails to make corrections, Party A has the right to terminate the contract, the performance deposit will not be refunded, and Party B shall also bear corresponding compensation and legal liabilities.
13.6 If Party B violates this contract by illegally constructing, unilaterally changing the property’s structure or use, subleasing to others, or causing harm or losses, Party A has the right to terminate the contract, reclaim the property, and not refund the performance deposit in addition to claiming actual damages and requiring Party B to restore the property to its original condition.
13.7 If Party B fails to pay the performance deposit on time as stipulated in Article V of this contract, and the delay is within 15 days (inclusive), Party A may notify Party B in writing to make the payment promptly; if the delay exceeds 15 days, Party A has the right to terminate the contrac...
Breach of Contract Liability. 6.1 In the event that any party fails to perform any of its obligations hereunder or that any of its representations or warranties hereunder is essentially inaccurate or incorrect, such party shall be in default of this Agreement and shall compensate all losses suffered by the other parties or shall pay the liquidated damages as per the agreement separately entered into with the relevant parties.
6.2 In the event that Party B or Party B’s Subsidiaries commit a default under Section 6.1, Party B and Party B’s Subsidiaries shall fully compensate any and all losses, damage and liability suffered or borne by Party A arising out of or in connection with its performance of its obligations hereunder or provision of services hereunder, including the losses, costs and expenses incurred due to any proceedings, claims or other demands.
6.3 This Section shall survive the amendment, cancellation or termination of this Agreement.
Breach of Contract Liability. (1) Claims to compensation based on a breach of duty shall only be incurred in the event of intent and gross negligence on the part of the Contractor. The Contractor shall not be liable for slight negligence. This restriction shall not apply to damage arising from harm to life, limb or health or in the event of a breach of fundamental contractual obligations.
(2) With regard to businessmen, liability for material and financial damage incurred as a result of gross negligence on the part of a simple vicarious agent shall be limited to typical, foreseeable damage relevant to contracts of this type.
(3) No liability shall be accepted for indirect damage, in particular lost profits.
(4) The Contractor shall not be liable if the broadcast fails to be made, or is delayed, interrupted or ended for reasons for which he is not responsible (e.g. strike; force majeure; construction / demolition works carried out or ordered by official institutions; interruptions or disruptions to online and mobile communication traffic due to internal or external influences; programme outages due to technical defects beyond the Contractor's scope of influence). In the event that the broadcast fails to be made, or is delayed, interrupted or ended for reasons for which the Contractor is responsible, the Client shall be provided with a substitute broadcast for the duration of the down time. If the purpose of the advertising cannot be achieved with a substitute broadcast, the Contractor shall reimburse the Client the remuneration already paid for the lost time. The Client shall not be entitled to any further claims to compensation.
(5) Written notice of any obvious faults shall be filed with the Contractor immediately after the commencement of the broadcast, but at the latest up to one week after the broadcast has ended.
Breach of Contract Liability. 1, During construction, Party B is not allowed to unilaterally change construction practices. If such changes are discovered, Party A may impose fines, and Party A has the right to terminate the contract. Any resulting losses shall be borne entirely by Party B.
2, Party B must comply with on-site instructions from Party A. If Party B fails to follow the instructions of Party A’s project manager and this leads to an impact on project progress or quality, Party B shall be held responsible, and Party A reserves the right to terminate the contract.
3, Party B must ensure compliance with the project’s quality and progress requirements. If Party B fails to meet the contract requirements or deviates from Party A’s drawings in construction, Party A has the right to terminate the contract at any time, thereby ending the contractual relationship. Party B shall be responsible for any resulting losses.
4, Except in cases where both parties agree to terminate the contract through negotiation, any breach of contract or inability to fulfill the contract by either party shall result in the consequences of liability. The losses incurred shall be the responsibility of the party in breach.
Breach of Contract Liability. The goods must comply with the standards of the International Wool Bureau. The buyer has the right to request the supplier to provide relevant testing certificates. If the supplier cannot provide the certificates, or if the buyer finds that the quality does not meet the requirements through self-testing, the buyer has the right to request compensation or return the goods.
Breach of Contract Liability. 5.1 In the event that either party violates the provisions of this contract, they shall bear the corresponding breach of contract liability and compensate the other party for any losses incurred as a result.
5.2 In the event of a breach by either party, the other party shall have the right to terminate this contract and demand the breaching party to pay a penalty for the breach.The amount of corresponding breach is 10% of the total price of the BTC quantity of this contract, i.e., $18,000,000 （6000BTC*30000$/BTC*10%=18,000,000$).
Breach of Contract Liability. 1. During Party B’s employment with Party A, if Party B violates the obligations stipulated in this Agreement, Party A may demand that Party B pays an amount equivalent to 24 times Party B’s monthly salary/remuneration (Party B’s total income received from Party A in the same month when this Agreement was signed) as liquidated damages. If Party B violates the obligations under this Agreement after the termination of employment and before the expiration of the confidentiality period, Party A has the right to require Party B to pay an amount equivalent to 24 times the average monthly income Party B received during the period of employment as liquidated damages.
2. If the liquidated damages mentioned in the preceding paragraph are insufficient to compensate for Party A’s losses, Party B shall further compensate Party A for its losses. Party A’s losses include, but are not limited to: business opportunities lost by Party A due to Party B’s breach of contract; all revenue gained by Party B due to the breach of contract; litigation costs, investigation costs, attorney’s fees, transportation costs, and other expenses incurred by Party A to protect its rights against Party B or relevant third parties.
3. Party B shall not use any technical secrets or other commercial secret information belonging to others while performing Party B’s duties at Party A, nor shall Party B engage in any activities that may infringe upon the intellectual property rights of others. If Party B commits the aforementioned acts without authorization, resulting in Party A facing allegations of infringement by third parties, Party B shall be liable for all losses incurred by Party A as a result, including but not limited to the compensation costs that Party A needs to pay to third parties due to such acts, as well as Party A’s expenses related to addressing third-party allegations, including litigation costs, investigation costs, attorney’s fees, and transportation costs. The aforementioned expenses and compensation may be deducted from Party B’s salary/remuneration.
4. Any violation of this Agreement by Party B during Party B’s employment with Party A is considered a serious breach of Party A’s labor discipline and regulations. Party A has the right to terminate Party B’s labor contract or labor service contract in accordance with the regulations or relevant laws and regulations, and Party B shall be responsible for the breach of contract as described in the preceding paragraphs 1 and 2, as w...
Breach of Contract Liability. 7.1 Any breach of any provision of this Agreement or any misrepresentation or warranty made by a party under this Agreement that is untrue or inaccurate constitutes a breach, and the breaching party shall be liable to the non-breaching party. Depending on the specific breach, such liability may include but is not limited to continuing performance, paying liquidated damages, indemnification for losses, and rescinding this Agreement.
7.2 Unless otherwise specified in the relevant provisions of this Agreement, the breaching party shall indemnify the other party for the direct losses caused by its breach, including but not limited to arbitration costs (including but not limited to case acceptance fees, processing fees, etc.), litigation costs (including but not limited to case acceptance fees, preservation fees, execution fees, etc.), appraisal fees, audit fees, lawyer fees, travel expenses, and other expenses incurred by the other party in recovering such losses.
