Common use of Liability for Default Clause in Contracts

Liability for Default. 8.1 Any breach of any article of the agreement directly or indirectly or no commitment or commitment out of time insufficiently to the obligations of the agreement shall constitute breach of the contract. The party that observes the contract (“non-breaching party”) shall have the right to request the breaching party (“the breaching party”) by written notice to make corrections to its breaching actions and avoid the bad result with sufficient, effective and timely measures taken, and to compensate for the losses of the non-breaching party due to its breaching actions.

Appears in 6 contracts

Samples: Agreement on Technical Services (Sina Corp), Agreement on Technical Service (Sina Corp), Agreement on Technical Service (Sina Corp)

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Liability for Default. 8.1 12.1 Any breach of any article of the agreement directly or indirectly or no commitment or commitment out of time insufficiently to the obligations of the agreement shall constitute breach of the contract. The party that observes the contract (“non-breaching party”) shall have the right to request the breaching party (“the breaching party”) by written notice to make corrections to its breaching actions and avoid the bad result with sufficient, effective and timely measures taken, and to compensate for the losses of the non-breaching party due to its breaching actions.

Appears in 1 contract

Samples: Agreement on Technical Cooperation (Sina Corp)

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