Common use of Damage Compensation Clause in Contracts

Damage Compensation. The Bank and the Member agree that any delays, omissions, or errors in transmitting or receiving electronic documents in accordance with the Agreement, which give rise to the losses of the other party, shall be compensated by the party whom the cause is attributable to.

Appears in 2 contracts

Sources: Personal Internet Banking and Mobile Banking Service Agreement, Personal Internet Banking and Mobile Banking Service Agreement