Common use of No Compensation Clause in Contracts

No Compensation. In the event either party terminates this Agreement in accordance with the terms hereof, the parties hereby agree that neither party shall be entitled to any compensation or like payment from the other party or any affiliate of the other party as a result of such termination.

Appears in 4 contracts

Samples: Licensing and Supply Agreement (Auriga Laboratories, Inc.), Licensing and Distribution Agreement (Auriga Laboratories, Inc.), Licensing and Distribution Agreement (Auriga Laboratories, Inc.)

AutoNDA by SimpleDocs

No Compensation. In the event either party terminates this Agreement for any reason in accordance with the terms hereof, the parties hereby agree that that, subject to the provisions of Section 13.4 hereof and without prejudice to any other remedies which either party may have in respect of any breach of this Agreement, neither party shall be entitled to any compensation or like payment from the other party or any affiliate of the other party as a result of such termination.

Appears in 3 contracts

Samples: Distribution Agreement (NSJ-US. Co., Ltd.), Distribution Agreement (Golden Oasis New Energy Group, Inc.), Distribution Agreement (Mega World Food Holding Co)

No Compensation. In the event either party terminates this --------------- Agreement for any reason in accordance with the terms hereof, the parties hereby agree that that, subject to the provisions of Section 12.3(a) hereof and without prejudice to any other remedies which either party may have in respect of any breach of this Agreement, neither party shall be entitled to any compensation or like payment from the other party or any affiliate of the other party as a result of such termination.

Appears in 2 contracts

Samples: Joint Venture Agreement (St John Knits Inc), License and Distribution Agreement (St John Knits Inc)

No Compensation. In the event either party terminates this Agreement for any reason in accordance with the terms hereof, the parties hereby agree that that, subject to the provisions of Section 14.4(a) hereof and without prejudice to any other remedies which either party may have in respect of any breach of this Agreement, neither party shall be entitled to any compensation or like payment from the other party or any affiliate of the other party as a result of such termination, subject to the other party’s fulfillment of its obligations which survived the termination of this Agreement.

Appears in 2 contracts

Samples: Distribution Agreement (Ophthalmic Imaging Systems), Distribution Agreement (Ophthalmic Imaging Systems)

No Compensation. In the event either party terminates this Agreement for any reason in accordance with the terms hereofof this Agreement, the parties hereby agree that that, subject to the obligation to make payment of any amounts then owed, and without prejudice to any other remedies which either party may have in respect of any breach of this Agreement, neither party shall be entitled to any compensation or like payment from the other party or any affiliate of the other party as a result of such termination.

Appears in 1 contract

Samples: Distribution Agreement (EnteroMedics Inc)

AutoNDA by SimpleDocs

No Compensation. In the event either party terminates If this Agreement in accordance with the terms hereofis terminated for any reason, the parties hereby agree that neither party Party shall be entitled to any compensation compensation, damages, award, or like payment from the other party or any affiliate of the other party Party as a result of such termination., including any payments for lost customers, lost

Appears in 1 contract

Samples: Administrative and Gas Services Support Agreement (East Coast Power LLC)

No Compensation. In the event either party terminates this Agreement for any reason in accordance with the terms hereof, the parties hereby agree that that, without prejudice to any other remedies which either party may have in respect of any breach of this Agreement, neither party shall be entitled to any compensation or like payment from the other party or any affiliate of the other party as a result of such termination.

Appears in 1 contract

Samples: Distribution Agreement (St John Knits Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!