Breach of the Contract. 1) During the lease term, any party who fails to fulfill any article of this contract without the other party’s understanding will be deemed to breach the contract. Both parties agree that the default fine will be / RMB. In case the default fine is not sufficient to cover the loss suffered by the faultless party, the party in breach should pay additional compensation to the other party.
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Samples: Lease Contract (S.E. Asia Trading Company, Inc.), Lease Contract (S.E. Asia Trading Company, Inc.), Lease Contract (S.E. Asia Trading Company, Inc.)
Breach of the Contract. 1) During the lease term, any party who fails to fulfill any article of this contract without the other party’s understanding will be deemed to breach the contract. Both parties agree that the default fine will be / 30,000 RMB. In case the default fine is not sufficient to cover the loss suffered by the faultless party, the party in breach should pay additional compensation to the other party.
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