Common use of Liabilities for Breach of Agreement Clause in Contracts

Liabilities for Breach of Agreement. Should any Party fails to perform this Agreement, such breaching Party shall pay all damages suffered by the other Parties. With respect to the obligations under this Agreement, each Onshore Shareholder shall take joint and several liabilities among themselves, and so between each Onshore Shareholder and Party C. Unless where the law clearly states otherwise, neither Party B nor Party C has the right to terminate this Agreement against Party A’s breach.

Liabilities for Breach of Agreement. Should any Party fails to perform this Agreement, such breaching Party shall pay all damages suffered by the other Parties. With respect to the obligations under this Agreement, each Onshore Shareholder Subsidiary shall take joint and several liabilities among themselves, and so between each Onshore Shareholder Subsidiary and Party C. B. Unless where the law clearly states otherwise, neither Party B nor Party C has the right to terminate this Agreement against Party A’s breach.