Common use of Defaulting Liabilities Clause in Contracts

Defaulting Liabilities. Where either party (the “Breaching Party”) breaches any of its representations, warranties, rights or obligations under this Agreement, thus causing economic losses to the other party, the other party (the “Non-Breaching Party”) shall be entitled to request it to cure its breach and compensate the direct economic losses thus incurred to the Non-Breaching Party.

Appears in 2 contracts

Samples: Software Development and Maintenance Agreement, Software Development and Maintenance Agreement (Noah Education Holdings Ltd.)

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Defaulting Liabilities. Where either party (the “Breaching Party”) breaches any of its representations, warranties, rights or obligations under this Agreement, thus causing economic losses to the other party, the other party (the “Non-Breaching breaching Party”) shall be entitled to request it to cure its breach and compensate the direct economic losses thus incurred to the Non-Breaching breaching Party.

Appears in 2 contracts

Samples: Software Development and Maintenance Agreement (Noah Education Holdings Ltd.), Content Services Agreement (Noah Education Holdings Ltd.)

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Defaulting Liabilities. Where either party (the “Breaching Party”) breaches any of its representations, warranties, rights rights, or obligations under this Agreement, thus causing economic losses to the other party, the other party (the “Non-Breaching breaching Party”) shall be entitled to request it to cure its breach and compensate the direct economic losses thus incurred to the Non-Breaching breaching Party.

Appears in 1 contract

Samples: Content Services Agreement (Noah Education Holdings Ltd.)

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