Common use of Breach of faith Clause in Contracts

Breach of faith. 1. Both the Pledgee and the Xxxxxxx shall abide by the contract after it becomes effective. Otherwise, the party who breaks the contract shall take the sole responsibility of the compensation to another party. 2. Such events as following occur to the Xxxxxxx, and bring a loss to the Pledgee, the Xxxxxxx shall provide the Pledgee a compensation in full payment. (1) Such events occurred to the Pledge is being hidden by the Xxxxxxx: co-possessing, dispute, warrant cancellation, dissent, seal-up by an authority, being frozen, being monitored, etc. (2) The Xxxxxxx presume to dispose the pledge right without writing consent from the Pledgee. (3) The other actions that break the contract or affect the Pledgee to accomplish its right.

Breach of faith. 1. Both the Pledgee and the Xxxxxxx Pxxxxxx shall abide by the contract after it becomes effective. Otherwise, the party who breaks the contract shall take the sole responsibility of the compensation to another party. 2. Such events as following occur to the XxxxxxxPxxxxxx, and bring a loss to the Pledgee, the Xxxxxxx Pxxxxxx shall provide the Pledgee a compensation in full payment. (1) Such events occurred to the Pledge is being hidden by the XxxxxxxPxxxxxx: co-possessing, dispute, warrant cancellation, dissent, seal-up by an authority, being frozen, being monitored, etc. (2) The Xxxxxxx Pxxxxxx presume to dispose the pledge right without writing consent from the Pledgee. (3) The other actions that break the contract or affect the Pledgee to accomplish its right.