Default Prior to Development Clause Samples

Default Prior to Development. There is a material defect in the technical materials, original data and assistance provided by Party A, which causes suspension, delay or failure in the development of the Project, Party A shall be fully liable for such suspension, delay or failure. However, if Party B becomes aware that there is certain defect in the materials and data provided by Party A, but it fails to notify Party A for correction or supplementation, Party B shall be subject to the liability accordingly. The liabilities of both parties shall be confirmed in the forms of memorandum or supplementary agreement as per the specific circumstance.