Common use of Liability for Damage Clause in Contracts

Liability for Damage. 6.1 Each Party undertakes to indemnify the other Party for damage caused by delay, failure of proper performance or other breach of obligations under this Agreement or applicable law. 6.2 The Parties agree not to hold the Seller responsible for profits lost by the Buyer and/or for any indirect loss, injury or damage caused as a consequence of this Agreement or in connection herewith. 6.3 The Buyer shall bear any loss incurred by the Seller, including the obligation to bear the costs for any adjusted taxes and penalties levied by the tax authorities due to Buyer having provided incorrect or incomplete information, or if the Buyer fails to notify the Seller forthwith of any changes related to him, his representations or obligations contained in this Agreement or made on the basis hereof, save for the Seller’s lost profits and/or any indirect loss or damage caused as a consequence of the Agreement or in connection herewith.

Liability for Damage. 6.1 Each Party undertakes to indemnify the other Party for damage caused by delay, failure of proper performance or other breach of obligations under this Agreement or applicable law. 6.2 The Parties agree not to hold the Seller responsible for profits lost by the Buyer and/or for any indirect loss, injury or damage caused as a consequence of this Agreement or in connection herewith. 6.3 The Buyer shall bear any loss incurred by the Seller, including the obligation to bear the costs for any adjusted taxes and penalties levied by the tax authorities due to Buyer having provided incorrect or incomplete information, or if the Buyer fails to notify the Seller forthwith of any changes related to him, his representations or obligations contained in this Agreement or made on the basis hereof, save for the Seller’s lost profits and/or any indirect loss or damage caused as a consequence of the Agreement or in connection herewith.