Liability for Breach of this Agreement. 7.1 Any Party which breaches this Agreement shall pay compensation to the performing Party on its incurred loss. 7.2 Any Party’s waiver to claim on other Party’s breach of this Agreement is valid only in written form. No failure or delay of Any Party on exercising any right or claim on remedy provided hereunder shall constitute a waiver of such rights. Partial exercise of the rights to claim or remedy shall not prevent such Party from exercising other rights and remedy.
Appears in 3 contracts
Samples: Exclusive Option Agreement (XT Energy Group, Inc.), Exclusive Option Agreement (Xiangtian (Usa) Air Power Co., Ltd.), Exclusive Option Agreement (Xiangtian (Usa) Air Power Co., Ltd.)
Liability for Breach of this Agreement. 7.1 Any 8.1 Either Party which breaches this Agreement shall pay compensation to the performing Party on its incurred loss.
7.2 Any 8.2 Either Party’s waiver to claim on other Party’s breach of this Agreement is valid only in written form. No failure or delay of Any either Party on exercising any right or claim on remedy provided hereunder shall constitute a waiver of such rights, power or privilege. Partial exercise of the rights to claim or remedy shall not prevent such Party from exercising other rights and remedy.
Appears in 2 contracts
Samples: Agreement on Exclusive Management, Consulting and Training and Technical Service (Xiangtian (Usa) Air Power Co., Ltd.), Exclusive Management, Consulting and Training and Technical Service Agreement (Xiangtian (Usa) Air Power Co., Ltd.)