Common use of Remedies for Breach of Contract Clause in Contracts

Remedies for Breach of Contract. Except as otherwise provided herein, if a party (“Breaching Party”) fails to perform any of its obligations under this Contract, then the other party (“Aggrieved Party”) may at its option: a. give written notice to the Breaching Party describing the nature and scope of the breach and demand that the Breaching Party cure the breach at its cost within a reasonable time specified in the notice (“Cure Period”); and b. if the Breaching Party fails to cure the breach within the Cure Period, the Aggrieved Party may claim direct and indirect damages arising from the breach.

Appears in 4 contracts

Samples: Supply Agreement, Supply Agreement, Supply Agreement

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