Common use of Liability of the Buyer Clause in Contracts

Liability of the Buyer. 7.1. If the Buyer fails to meet its contractual obligations, withdraws from or terminates the agreement, or causes damage to Sefar’s property, Sefar is entitled to: a) prolong the agreement execution date; and/or b) terminate the agreement without notice and compensation to the Buyer; and/or c) require the Buyer to return the already delivered goods; and/or d) withdraw from the agreement; and/or e) demand compensation in the form of:  reimbursement of transport costs; and/or  default interest; and/or  an amount in cash equivalent to the reduction in the value of returned goods. 7.2. Sefar retains the right to report claims other than specified in section 7.1 under the Civil Code, the agreement, GTCS, and principles established in section 8.2.

Liability of the Buyer. 7.1. If the Buyer fails to meet its contractual obligations, withdraws from or terminates the agreement, or causes damage to Sefar’s property, Sefar is entitled to: a) prolong the agreement execution date; and/or b) terminate the agreement without notice and compensation to the Buyer; and/or c) require the Buyer to return the already delivered goods; and/or d) withdraw from the agreement; and/or e) demand compensation in the form of:  ⎯ reimbursement of transport costs; and/or  ⎯ default interest; and/or  ⎯ an amount in cash equivalent to the reduction in the value of returned goods. 7.2. Sefar retains the right to report claims other than specified in section 7.1 under the Civil Code, the agreement, GTCS, and principles established in section 8.2.