Common use of Liability for Default Clause in Contracts

Liability for Default. 6.1 Where a party fails to fulfil any of its obligations under this Agreement or any representations or guarantees of such party under this Agreement are substantially untrue or inaccurate, such Party shall be in breach of this Agreement and shall be liable for compensation of all losses of other parties. 6.2 Regardless of whether this Agreement is changed, cancelled or terminated, these terms are legally binding.

Liability for Default. 6.1 9.1 Where a party fails to fulfil any of its obligations under this Agreement or any representations or guarantees of such party under this Agreement are substantially untrue or inaccurate, such Party shall be in breach of this Agreement and shall be liable in full for compensation of all losses of other partiesParty’s actual economic losses; this Article 9 shall not hinder Party A from any other rights under this Agreement. 6.2 9.2 Regardless of whether this Agreement is changed, cancelled canceled or terminated, these terms are this term is legally binding.

Liability for Default. 6.1 Where a party After the Agreement takes effect, if any Party fails to fulfil fulfill any of its obligations under this Agreement hereunder in accordance with the terms hereof, or any representations of its representations, warranties or guarantees of such party under this Agreement are substantially untrue or inaccurateundertakings is false, such Party shall be deemed to be in breach of this Agreement and default. The defaulting party shall be liable for compensation of indemnify the non-defaulting party against all losses suffered by the non-defaulting party as a result of other partiesthe above default. 6.2 Regardless of whether this Agreement is changed, cancelled or terminated, these terms are legally binding.