Common use of Financial compensation and damages Clause in Contracts

Financial compensation and damages. If Party A terminates the contract and is in violation of relevant labor laws and regulations, it shall pay Party B financial compensation and economic damages incurred if Party B suffers such damages. If Party B terminates this contract and in breach of the contract provisions herein, he shall pay Party A following loss: a. all training fees paid by Party A, b. the direct economic loss caused to Party A, and c. The breach compensation to Party A due to Party B’s violation of business confidentiality and non -competition agreement. d. Other compensation costs mentioned in the contract.

Financial compensation and damages. If Party A terminates the contract Agreement against the regulations and is in violation of relevant labor laws and regulationsrules, it shall pay provide Party B certain financial compensation and economic damages incurred if Party B suffers such damagescompensation. If Party B violates the regulation and terminates this contract the Agreement and in breach of the contract provisions hereincauses loss to Party A, he shall pay provide the following to Party A following lossas financial compensation: a. 1. all training fees fee paid by Party A,; b. 2. recruitment fee paid by Party A; 3. compensation payment; and 4. the direct economic loss caused to production, operation and business of Party A, and c. The breach compensation to Party A due to Party B’s violation of business confidentiality and non -competition agreement. d. Other compensation costs mentioned in the contract.A.

Financial compensation and damages. If Party A terminates the contract and is in violation of relevant labor laws and regulations, it shall pay Party B financial compensation and economic damages incurred if Party B suffers such damages. If Party B terminates this contract and in breach of the contract provisions herein, he shall pay Party A following loss: a. all training fees paid by Party A, b. the direct economic loss caused to Party A, and c. The breach compensation to Party A due to Party B’s violation of business confidentiality and non -competition - competition agreement. d. Other compensation costs mentioned in the contract.

Financial compensation and damages. If Party A terminates the contract and is in violation of relevant labor laws and regulations, it shall pay Party B financial compensation and economic damages incurred if Party B suffers such damages. If Party B terminates this contract and is in breach of the contract provisions herein, he it shall pay Party A following loss: a. all training fees paid by Party A, b. the direct economic loss caused to Party A, and c. The breach compensation to Party A due to Party B’s violation of business confidentiality confidential and non -competition competition agreement. d. Other other compensation costs mentioned in incurred from the contract.