Responsibilities for breach of contract Sample Clauses
Responsibilities for breach of contract. 1. Either party’s breach of obligations, warranties or covenants in this agreement constitutes breach of contract. The breaching party shall assume the responsibilities for the breach of contract, and compensate the other party for all the resultant economic losses of the other party, including direct and indirect losses.
2. If either party’s material breach of contract causes the performance of this agreement, the non-breaching party shall have the right to cancel the agreement unilaterally. The breaching party shall return the property obtained from the other party, and compensate the other party for all its resultant losses, including direct and indirect losses.
3. If Party B fails to pay the transfer price to Party A according to the term required by this agreement, it shall pay to Party A 1‰ of the overdue transfer price as penalty for each day of delay; if Party A delays the hand-over of the asset, or delays the completion of related procedures as industrial and commercial registration, it shall pay Party B 1‰ of the total paid transfer price as penalty for each postponed day.
4. If the mineral resources as discovered by Party A is inconsistent with the materials provided by Party A, Party B shall have the right to cancel the agreement or both parties shall determine the transfer price otherwise.
Responsibilities for breach of contract. 1. Late payment liability: Party B shall pay Party A according to the contract amount and date. In case of overdue, Party A shall have the right to charge Party B a late fee of one thousandth of the current rental amount on a daily basis. If Party B fails to settle overdue rental for 30 days, Party A shall have the right to terminate the Contract at any time and to recover the Property; Party B shall move out unconditionally, and make up the balance owed for the Property; and Party B shall pay Party A a default penalty equivalent to three month of the rental (with the rental for the last year of the Lease Term as the billing standard). If Party B fails to pay the utility xxxx within 10 days of the expiration of the due date, Party A shall have the right to deduct directly from the utility deposit. If the utility deposit is insufficient for the deduction, and Party B’s payment obligation is not fulfilled after party A's collection effort, Party A shall make a water and electricity outage until Party B pays all the outstanding expenses to Party A.
2. Party B cannot place more than 0.75 tons/square meter of weight for objects or production equipment in the Property. In violation of this provision, Party A has the right to request Party B to restore the damaged areas or to compensate for any losses caused.
3. If Party B changes the purpose of the Property, renovates the Property or installs additional structures without obtaining written consent of Party A or work beyond the scope of Party A's written consent, Party A has the right to terminate the Contract at any time, recover the Property; Party B shall unconditionally move out and compensate Party A for the loss.
4. If Party B sublet to a third party (including a subsidiary of Party B) without obtaining written consent from Party A, Party A has the right to terminate the Contract at any time, recover the Property and all facilities; Party B shall unconditionally move out and compensate Party A for the loss.
5. Party A and Party B agree that within the first 30 months of the Lease Period, Neither Party shall terminate the Contract. Otherwise, the Party who breaches this provision shall compensate for the losses of another Party. After the first 30 months of the Lease Period, if one Party withdraws the Lease, it shall notify the other party 3 months in advance of the termination. The other Party shall have the right to demand for compensation in accordance to the following: (the rental shall be based on the m...
Responsibilities for breach of contract. Party A:
1. Have not provided premises to Party B on time as contract stipulated.
2. Have not provided related equipment for Party B using as contract stipulated.
1. Premises damage caused by improper usage or decoration, maintenance, Party B should be responsible for repairing or compensation.
2. Unauthorized demolition and rebuilding should undertake all consequences caused by.
3. Fail to return the estate exceed the date stipulated after contract expired, beside paying the rental fee and related expenses, Party B should pay additional lease breach fees, one day equal to 1‰ of monthly rental fee, longest period exceeding could not be over 30 days.
4. If delay to pay rental fee and management fee, except paying the rental fee in required time, must pay overdue penalty 1‰ of the total overdue sum per day. Calculation method: Overdue penalty = monthly rental fee and total expenses * days overdue * 1‰ If Party B breach of contract, Party A reserve the right to take following measures depend on the violation situation:
1. Imposes two months' rental fee and total expenses as overdue penalty punishment.
2. Compel Party B to move out, return the premises.
3. If Party B owes two months' rental and other expense, Party A reserves the right to sxx Party B in People's Tribunal and take any legal measure to get the overdue back.
Responsibilities for breach of contract. 6.1 After this Agreement enters into force, both Party A and Party B shall strictly perform their respective liabilities agreed hereunder. If either Party fails to perform this Agreement or the performance is inconsistent with the agreement between the Parties (including but not limited to the liabilities during the transit period and the confidentiality liability, etc), it shall be deemed as a breach of contract, and unless otherwise prescribed in the Agreement, the breaching Party shall compensate the losses suffered by the non-breaching Party, including but not limited to the actual losses, expected losses, as well as the lawyer’s fee, travel expenses and prepaid appraisal expenses, etc arising from claiming the other Party for compensation of the losses.
Responsibilities for breach of contract. After this Agreement enters into force, if any Party fails to perform its liabilities in accordance with this Agreement, it shall undertake the corresponding responsibilities.
Responsibilities for breach of contract. 7.1. If all or part of the present CONTRACT cannot be executed because of the wrongful behaviour of (act or omission) of one of the PARTIES, that PARTY will assume responsibility thereof.
7.2. If one of the PARTIES commits a serious violation of the present CONTRACT, such as non-transfer of the shareholding of the transferring party or non-payment by the acquirer in accordance with the provisions of the present CONTRACT, and if that PARTY does not remedy this failure to execute or violation within thirty (30) days of receipt of a formal written notice sent by the other PARTY, that PARTY may terminate the CONTRACT and claim damages (within the limits of an amount of 30% of the total transfer price).
7.3. The defaulting PARTY is regarded as solely and entirely responsible for the breach of CONTRACT and will take on all liability within the limits defined in article 7.2 above.
Responsibilities for breach of contract. Whichever party breaches this Agreement shall bear the responsibilities for breach of contract to the non-breaching party. If the breaching party’s illegal acts result in a loss to the non-breaching party or the JV Co, the breaching party shall make indemnification.
Responsibilities for breach of contract. 9.1 Any party violating against the contract shall bear the responsibilities for breach of contract during implementation of the contract; any party shall bear the compensation liability if the opposite party is trapped in losses; if both parties have faults, each party shall bear corresponding liabilities.
9.2 If failing to pay the rent in accordance with the time agreed, the Party B shall pay the overdue penalty which is 1% of the rent each day to the Party A; and if the Party B defers to pay the rent within 30 days, the Party A can terminate the contract unilaterally.
9.3 The Party A shall have the right to resume the house and its auxiliary assets immediately since the date of termination of the contract if the Party A terminates the contract due to violation of the Party B.
9.4 The Party B shall carry all objects from the house leased before on the date of expiry or termination of the contract; or it shall be deemed that the Party B abandons his ownership, and the Party A can handle the objects voluntarily. Further, the Party B shall bear all expenses and loss of the Party A generated therefrom. If the Party B refuses to empty the house within the above-mentioned time limit, the Party A shall have the right to enter into the house to resume the house forcibly, and the Party B shall bear all losses generated therefrom voluntarily.
Responsibilities for breach of contract. Pursuant to “Contract Law of the People’s Republic of China”
Responsibilities for breach of contract. Where any one party does not perform the responsibility of paying on time its investment contributions fully or supplying the terms of cooperation, according to Part 5 of this Contract, the party in breach shall pay an amount equivalent to 0.5% of its share of the registered capital to the other party for each month delayed from the date of any such default. If it is still not performed after six months, apart from a penalty of 3% to be paid on the accumulated capital contribution, the