Damages and Relief Clause Samples
The Damages and Relief clause defines the remedies available to a party if the other party breaches the contract. It typically outlines the types of damages that may be claimed, such as direct, indirect, or consequential damages, and may specify any limitations or exclusions on liability. This clause ensures that both parties understand the potential financial consequences of a breach and helps allocate risk by clarifying what compensation or relief is available in the event of a dispute.
Damages and Relief. 11.1 The Arbitrator shall have the same authority to award remedies and damages as provided to a judge and/or jury under applicable state or federal laws, where the aggrieved party has met his or her burden of proof.
11.2 Both parties have a duty to mitigate their damages by all reasonable means. The Arbitrator shall take a party's failure to mitigate into account in granting relief in accordance with applicable state and federal law.
11.3 Arbitration of damages or other remedies may be conducted in a bifurcated proceeding.
Damages and Relief. The Associate acknowledges and agrees that damages are an inadequate remedy for any breach of the terms and conditions set forth in Sections 2, 3, 4, 5 and 15 of this Agreement and agrees that in the event of a breach of such paragraphs, the Company may, with or without pursuing any remedy for damages, immediately obtain and enforce an ex parte, preliminary and permanent injunction prohibiting the Associate from violating this policy. Further, in any civil action brought for a breach of this Agreement, the Company shall be entitled to recover from the Associate all reasonable attorneys’ fees, litigation expenses, and costs incurred by the Company if the Company prevails in that action.
Damages and Relief. Employee agrees and acknowledges that Nabors may not have an adequate remedy at law and may be harmed in the event that any of the provisions of this Section 9 were breached. Accordingly, Employee agrees that Nabors may be entitled to seek injunctive relief to prevent breaches of this Section 9 and to specifically enforce the terms and provisions hereof, in addition to any other remedy to which Nabors may be entitled, at law or in equity, including attorneys’ fees. In addition, if any violation or breach of this Section 9 is not corrected within the period stated in Subsection (a) above, then Employee shall forfeit all remaining payments which would otherwise be made to him pursuant to this Agreement; shall be obligated and required to repay to Nabors any portion of the Termination Payment already paid by Nabors to Employee as of the date of breach; shall be obligated and required to repay to Nabors any and all profits from the exercise of any stock options after the date of this Agreement or from the sale of any restricted stock which vests after the date of this Agreement; and shall forfeit all unexercised stock options and all unvested restricted stock.
Damages and Relief. ▇▇. ▇▇▇▇▇▇▇▇ acknowledges and agrees that damages are an inadequate remedy for any breach of the terms and conditions set forth in Sections 2, 3, 4, 5 and 15 of this Agreement and agrees that in the event of a breach of such paragraphs, the Company may, with or without pursuing any remedy for damages, immediately obtain and enforce an ex parte, preliminary and permanent injunction prohibiting ▇▇. ▇▇▇▇▇▇▇▇ from violating this policy. Further, in any civil action brought for a breach of this Agreement, the Company shall be entitled to recover from ▇▇. ▇▇▇▇▇▇▇▇ all reasonable attorneys’ fees, litigation expenses, and costs incurred by the Company if the Company prevails in that action.