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.
Responsibilities for breach of contract. Party A:
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. If any one of the parties to the Contract commits an act that violates the stipulations therein, it shall be deemed as a breach of contract (except in cases of force majeure). The party in breach shall bear the resultant responsibilities. Article 7 Matters for which no provision has been made in the present Contract may be resolved through mutual consultation or a supplementary agreement. If any disputes occur during the course of the performance of the Contract, and such disputes cannot be resolved through consultations, the representatives of the parties may pursue legal proceedings at a People’s Court that possesses jurisdiction.
Responsibilities for breach of contract. 14.1 If the overdue period that Party B delays to pay for the payable rental, property management expense, deposit and other payable expenses under the contract is over 7 days, not influencing other rights of Party A, Party A can deduct from the deposit, and Party A will have the right to request Party B to pay defaulted interest (the defaulted interest should be calculated in 1 0/00 of daily interest from the date when Party B should pay the amount due). Execute according to item 14.2 if the above amount is delayed for over 60 days.
Responsibilities for breach of contract. 1. If the Party B fails to supply the coal with quantity specified in the contract without getting approval of the Party A, it shall be deemed as breach of contract, and both parties shall solve the problem through negotiation; accordingly, the Party B shall voluntarily bear all resulting consequences and bear the responsibilities for breach of contract to the Party A.
Responsibilities for breach of contract. (49) 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
Responsibilities for breach of contract. 10.1 If any Party fails to perform any of its obligations hereunder in accordance with the provisions hereof, or it breaches any of its representations, warranties or promises hereunder, or any of its statements or warranties hereunder is false, incorrect, incomplete or misleading during the corresponding period, it shall be deemed as a breach of this Agreement. If one Party (the “Breaching Party”) breaches this Agreement and thus causes the other Party (the “Non-breaching Party”) to suffer any loss, the Breaching Party shall compensate the losses suffered by the Non-breaching Party and take the corresponding measures to prevent the Non-breaching Party to suffer any further loss or hurt.
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. If one party fails to perform any of its material obligations under this agreement, then the other Party may be compensated in an amount equivalent to 10% of the total cash consultancy fee.
