Common use of Liabilities for Default Clause in Contracts

Liabilities for Default. 8.1. Where a party fails to fulfil any of its obligations under this Agreement or any representations or guarantees of such party under this Agreement are substantially untrue or inaccurate, such Party shall be in breach of this Agreement and shall be liable for compensation of all losses of other parties or pay liquidated damages according to the agreement separately signed by the relevant parties.

Appears in 3 contracts

Samples: Exclusive Management Services and Business Cooperation Agreement (iHuman Inc.), Exclusive Management Services and Business Cooperation Agreement (iHuman Inc.), Exclusive Management Services and Business Cooperation Agreement (GSX Techedu Inc.)

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Liabilities for Default. 8.1. 8.1 Where a party fails to fulfil any of its obligations under this Agreement or any representations or guarantees of such party under this Agreement are substantially untrue or inaccurate, such Party shall be in breach of this Agreement and shall be liable for compensation of all losses of other parties or pay liquidated damages according to the agreement separately signed by the relevant parties.

Appears in 3 contracts

Samples: Exclusive Management Services and Business Cooperation Agreement (Puxin LTD), Exclusive Management Services and Business Cooperation Agreement (Puxin LTD), Exclusive Management Services and Business Cooperation Agreement (Puxin LTD)

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