Common use of Liabilities of Breach Clause in Contracts

Liabilities of Breach. 1. If Party A violates the stipulations of this contract, so that this contract is terminated and Party B is damaged, Party B's losses shall be compensated by Party A. 2. If Party B violates the stipulations of this contract, so that this contract is terminated and Party A is damaged, Party B shall be responsible for the compensation legally.

Appears in 4 contracts

Samples: Equity Acquisition Agreement (Tongxin International, Ltd.), Equity Acquisition Agreement (Tongxin International, Ltd.), Equity Acquisition Agreement (Asia Automotive Acquisition Corp.)

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