Common use of Liabilities of Breach of Contract Clause in Contracts

Liabilities of Breach of Contract. 1: If Party A I, Party A II or Party B breach the contract, terminate the contract or unfulfil the contract terms, Party A I, Party A II or Party B should return the full acquisition consideration received to Party C. Besides Party A I, Party A II or Party B should pay Party C the penalties at the amount of 1 million USD dollars. 2: If Party C breaches the contract, terminates the contract or unfulfils the contract terms, Party C should pay Party A I, Party A II and Party B the penalties at the amount of 1 million USD dollars.

Appears in 4 contracts

Samples: Acquisition Agreement (Universal Travel Group), Acquisition Agreement (Universal Travel Group), Acquisition Agreement (Universal Travel Group)

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Liabilities of Breach of Contract. 1: If Party A I, Party A II or Party B breach the contract, terminate the contract or unfulfil the contract terms, Party A I, Party A II or Party B should return the full acquisition consideration received to Party C. Besides Party A I, Party A II or Party B should pay Party C the penalties at the amount of 1 million USD dollars. 2: If Party C breaches the contract, terminates the contract or unfulfils the contract terms, Party C should pay Party A I, Party A II and Party B the penalties at the amount of 1 million USD dollars.

Appears in 1 contract

Samples: Acquisition Agreement (Universal Travel Group)

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