Breach of Obligation. 6.1 After signed this agreement, if any party lost promise or fails to fulfill obligations under this agreement and does not take effective remedial measures within ten (10) days after receiving the other party’s written notice, the non-defaulting party is entitled to terminate the contract in written notice to defaulting party. Moreover, whether non-defaulting party decides to terminate the obligation of the agreement, defaulting party has to undertake the liability according to Article 6.2 in this agreement.
Appears in 5 contracts
Samples: Merger and Acquisition Contract (QKL Stores Inc.), Merger and Acquisition Contract (QKL Stores Inc.), Merger and Acquisition Contract (QKL Stores Inc.)
