Equitable Relief Authorized Sample Clauses
The 'Equitable Relief Authorized' clause allows a party to seek non-monetary remedies, such as injunctions or specific performance, from a court if the other party breaches the agreement. In practice, this means that if one party's actions could cause irreparable harm that cannot be adequately compensated by money, the affected party can request the court to order the breaching party to stop certain actions or to fulfill specific obligations. This clause is essential for situations where monetary damages are insufficient, ensuring that parties have access to immediate and appropriate legal remedies to prevent or address harm.
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Equitable Relief Authorized. Executive acknowledges that if he violates any provision contained in the Agreement, the Company’s business interests will be irreparably injured, the full extent of the Company’s damages will be impossible to ascertain, monetary damages will not be an adequate remedy for the Company, and the Company will be entitled to enforce the Agreement to prevent a breach or threatened breach of the Agreement by temporary, preliminary or permanent injunction or other equitable relief without the necessity of proving actual damage and without the necessity of posting bond or security, which Executive expressly waives. Executive also agrees that the Company may, in addition to seeking injunctive relief, seek monetary damages for any breach of the Agreement in addition to equitable relief and that the granting of equitable relief shall not preclude the Company from recovering monetary damages.