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.
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.
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.
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.
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. 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.
Breach of Contract Liability. 1. If Party B fails to make timely payments for rent, high-quality growth incubation service fees, or other charges, Party A has the right to charge a penalty of 2% of the outstanding amount for each day of delay, in addition to settling the overdue payment. If the delay exceeds seven consecutive calendar days, Party A is entitled to suspend water and electricity services until Party B pays the outstanding rent and high-quality growth incubation service fees. If the delay extends beyond 30 days, Party A may terminate this contract at any time without prior notice to Party B, reclaim the premises, and forfeit the security deposit.
Breach of Contract Liability. (I) If Party A fails to make payments to Party B as per the contract, Party A shall pay Party B a penalty of 2‰ of the unpaid amount for each day of delay. If the delay exceeds 10 days, Party B has the right to unilaterally terminate or dissolve the contract without bearing breach of contract liability. Party A shall still pay for the work results already delivered by Party B. If Party B requests to continue performing the contract, Party A must pay the penalty as mentioned above first. Party A shall also make payments to Party B according to the contract. The date of Party B’s contract performance will be extended accordingly from the date Party B receives the penalty. However, the total penalty for late payment shall not exceed 30% of the total contract amount.
Breach of Contract Liability. (I) In the event that Party A fails to make the contractually agreed payment to Party B, for each day of delay, Party A shall be liable to pay Party B liquidated damages amounting to 2‰ of the total contract price. Should the delay extend beyond 10 days, Party B reserves the right to unilaterally terminate or dissolve the contract without incurring any liability for breach. Party A shall remain obligated to compensate Party B for the delivered work results. If Party B requests to continue fulfilling this contract, Party A must first pay the specified liquidated damages as per the aforementioned standards, and then make the contractually stipulated payments. The timeline for Party B’s performance of this contract will be adjusted accordingly, starting from the day Party B receives the liquidated damages. However, the cumulative total of liquidated damages for late payments shall not exceed 30% of the total contract amount.
Breach of Contract Liability. 8.1 Claims for damages for breach of duty can only be made in the event of intent and gross negligence on the part of the supplier. Liability for slight negligence on the part of the contractor is excluded. This restriction does not apply to damages resulting from injury to life, body or health, or for breach of contract.
