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.
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Samples: Transfer Agreement (Puda Coal, Inc.), Puda Coal, Inc., Puda Coal, Inc.
Responsibilities for breach of contract. 1. Either party’s breach of obligations, warranties or covenants in this agreement constitutes breach of contract. The breaching 9.1 Any party violating against the contract shall assume bear the responsibilities for the breach of contract, and compensate the other party for all the resultant economic losses contract during implementation of the other partycontract; any party shall bear the compensation liability if the opposite party is trapped in losses; if both parties have faults, including direct and indirect losseseach party shall bear corresponding liabilities.
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