Common use of Remedies for Breach of Agreement Not to Divert Resources Clause in Contracts

Remedies for Breach of Agreement Not to Divert Resources. It is understood and recognized by the Parties that in the event of a violation of the provisions of Article 7 hereof by a Party, the remedy at law will be inadequate and the Company and the other Parties to the Joint Venture and the Ancillary Agreements shall suffer irreparable injury. Accordingly, each Party to this Agreement consents to injunctive or other appropriate equitable relief upon the institution of legal proceedings therefor by a non-violating Party. Such relief shall be in addition to any other relief to which a Party may be entitled at law in equity, which shall include but not be limited to the right of immediate termination of this Agreement.

Appears in 3 contracts

Samples: License Agreement, Agreement (Northern Technologies International Corp), License Agreement (Northern Technologies International Corp)

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Remedies for Breach of Agreement Not to Divert Resources. It is understood and recognized by the Parties that in the event of a violation of the provisions of Article 7 6 hereof by a Party, the remedy at law will be inadequate and the Company and the other Parties to the Joint Venture and the Ancillary Agreements shall suffer irreparable injury. Accordingly, each Party to this Agreement consents to injunctive or other appropriate equitable relief upon the institution of legal proceedings therefor by a non-violating Party. Such relief shall be in addition to any other relief to which a Party may be entitled at law in equity, which shall include but not be limited to the right of immediate termination of this Agreement.

Appears in 2 contracts

Samples: Agreement (Northern Technologies International Corp), Management and Sales Representation Agreement (Northern Technologies International Corp)

Remedies for Breach of Agreement Not to Divert Resources. It is understood and recognized by the Parties that in the event of a violation of the provisions of Article 7 6 hereof by a Party, the remedy at law taw will be inadequate and the Company and the other Parties to the Joint Venture and the Ancillary Agreements shall suffer irreparable injury. Accordingly, each Party to this Agreement consents to injunctive or other appropriate equitable relief upon the institution of legal proceedings therefor by a non-violating Party. Such relief shall be in addition to any other relief to which a Party may be entitled at law in equity, which shall include but not be limited to the right of immediate termination of this Agreement.

Appears in 2 contracts

Samples: Technical Assistance and Marketing Support Agreement, Technical Assistance and Marketing Support Agreement (Northern Technologies International Corp)

Remedies for Breach of Agreement Not to Divert Resources. It is understood and recognized by the Parties that in the event of a violation of the provisions of Article 7 15 hereof by a Party, the remedy at law will be inadequate and the Company and that the other Party or Parties to the this Shareholders Joint Venture and the Ancillary Agreements Agreement shall suffer irreparable injury. Accordingly, each Party to this Agreement consents to injunctive or other appropriate equitable relief upon the institution of legal proceedings therefor by a the non-violating PartyParty or Parties. Such relief shall be in addition to any other relief to which a Party may be entitled at law or in equity, which shall include but not be limited to the right of immediate termination of this Agreement.

Appears in 1 contract

Samples: Shareholders Joint Venture Agreement (Northern Technologies International Corp)

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Remedies for Breach of Agreement Not to Divert Resources. It is understood and recognized recognised by the Parties that in the event of a violation of the provisions of Article 7 14 hereof by a Party, the remedy at law will be inadequate and the Company and the other Parties to the Joint Venture this Agreement and the Ancillary Agreements shall suffer irreparable injury. Accordingly, each Party to this Agreement consents to injunctive or other appropriate equitable relief upon the institution of legal proceedings therefor by a non-violating nonviolating Party. Such relief shall be in addition to any other relief to which a Party may be entitled at law in equity, which shall include but not be limited to the right of immediate termination of this Agreement.

Appears in 1 contract

Samples: Agreement (Northern Technologies International Corp)

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