Common use of Liability for Breach of the Agreement Clause in Contracts

Liability for Breach of the Agreement. 6.1 If one party fails to perform any of its obligations or violates any statements, representations, warranties or commitments under this agreement, that party shall be deemed in breach of this agreement. If any party suffers any loss due to the breach of this agreement, the breaching party shall compensate for such losses and take corresponding measures to protect the performing party from any further damage. 6.2 Unless otherwise specified in the agreement, if one party violates this agreement and cause expenses, obligations, losses to other party, the breaching party shall compensate the performing party for any of the above losses (including but not limited to the interest paid or lost due to breach of contract and attorney's fees). The total amount of compensation paid by the breaching party shall be the same as losses caused by the breach, and such compensation shall contain the benefits that the performing party shall obtained due to performance of the agreement. In addition to the losses caused by the breach of the agreement, the losses and cost increased due to the breach of the agreement shall also be considered in the calculation of compensation.

Appears in 3 contracts

Sources: Reorganization Agreement (Cn Energy Group. Inc.), Reorganization Agreement (Cn Energy Group. Inc.), Reorganization Agreement (Cn Energy Group. Inc.)