Indemnity for Breach of Contract. (a) If the Company suffers any loss, including but not limited to lost profits, as a result of a breach of this Contract by either Party, then the breaching Party shall indemnify and hold the Company harmless in relation to such loss. If the non-breaching Party suffers any loss, including but not limited to lost profits, as a result of a breach of this Contract by the breaching Party, the breaching Party shall indemnify and hold the non-breaching Party harmless in relation to such loss incurred by the non-breaching Party. (b) Unless it is otherwise agreed herein, in the event that any Party fails to make its contributions to the registered capital of the Company, the contributing party has the right to terminate the Contract.
Appears in 3 contracts
Samples: Joint Venture Contract, Joint Venture Contract (Synthesis Energy Systems Inc), Joint Venture Agreement (Synthesis Energy Systems Inc)
