Common use of Equitable Relief for Breach Clause in Contracts

Equitable Relief for Breach. The Parties hereby agree and stipulate that (a) the restrictions contained in this Agreement are reasonable and necessary in order to protect each Party’s legitimate business interests and (b) in the event of any breach or violation of this Agreement or of any provision hereof by a Party, the non-breaching Party or Parties will have no adequate remedy at law and will suffer irreparable loss and damage thereby. The Parties hereby further agree and stipulate that in the event of any such breach or violation, either threatened or actual, each non- breaching Party’s rights shall include, in addition to any and all other rights available to such non- breaching Party at law or in equity, the right to seek and obtain any and all injunctive relief or restraining orders available to it in courts of proper jurisdiction, so as to prohibit, bar, and restrain any and all such breaches or violations. A breaching Party shall pay any and all court costs, attorneys' fees, and related expenses incurred by each non-breaching Party in enforcing any provision of this Agreement, including without limitation, obtaining the injunctive relief provided for in this Section 5. The Parties further agree that no bond need be filed in connection with any request by a non-breaching Party for a temporary restraining order or for temporary or preliminary injunctive relief.

Equitable Relief for Breach. The Parties hereby agree and stipulate that (a) the restrictions contained in this Agreement are reasonable and necessary in order to protect each Party’s legitimate business interests and (b) in the event of any breach or violation of this Agreement or of any provision hereof by a Party, the non-breaching Party or Parties will have no adequate remedy at law and will suffer irreparable loss and damage thereby. The Parties hereby further agree and stipulate that in the event of any such breach or violation, either threatened or actual, each non- breaching nonbreaching Party’s rights shall include, in addition to any and all other rights available to such non- breaching nonbreaching Party at law or in equity, the right to seek and obtain any and all injunctive relief or restraining orders available to it in courts of proper jurisdiction, so as to prohibit, bar, and restrain any and all such breaches or violations. A breaching Party shall pay any and all court costs, attorneys' fees, and related expenses incurred by each non-breaching Party in enforcing any provision of this Agreement, including without limitation, obtaining the injunctive relief provided for in this Section 5. The Parties further agree that no bond need be filed in connection with any request by a non-breaching Party for a temporary restraining order or for temporary or preliminary injunctive relief.