Common use of Rights Upon Breach Clause in Contracts

Rights Upon Breach. For breach of any provision of this Release, the ------------------ parties will have such remedies and rights as are customarily available at law or in equity, except that, in any action or proceeding brought to enforce this Release or to recover damages for its breach, the prevailing party will be entitled to recover, should it substantially prevail in the matter, reasonable attorneys' fees and litigation expenses. In the event you, or any party acting on your behalf, breach this Release, Blockbuster's obligations imposed herein will be extinguished and Blockbuster will not be obligated to continue performance under this Release. In such a case, you will be required to re-pay Blockbuster all consideration received pursuant to this Release and this Release will act as a complete and total bar to any recovery.

Appears in 6 contracts

Samples: Employment Agreement (Blockbuster Inc), Employment Agreement (Blockbuster Inc), Employment Agreement (Blockbuster Inc)

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Rights Upon Breach. For breach of any provision of this Release, the ------------------ parties will have such remedies and rights as are customarily available at law or in equity, except that, in any action or proceeding brought to enforce this Release or to recover damages for its breach, the prevailing party will be entitled to recover, should it substantially prevail in the matter, reasonable attorneys' ’ fees and litigation expenses. In the event you, or any party acting on your behalf, breach this Release, Blockbuster's ’s obligations imposed herein will be extinguished and Blockbuster will not be obligated to continue performance under this Release. In such a case, you will be required to re-pay Blockbuster all consideration received pursuant to this Release and this Release will act as a complete and total bar to any recovery.

Appears in 3 contracts

Samples: Employment Agreement (Blockbuster Inc), Employment Agreement (Blockbuster Inc), Employment Agreement (Blockbuster Inc)

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