Common use of Developer’s Liability Clause in Contracts

Developer’s Liability. 6.1. If the Developer breaches article 4 the Company has the right to impose on the Developer a penalty of up to one hundred thousand (100,000) euros per event.‌ 6.2. The Developer shall compensate the Company in full for any damage caused by the breach by the Developer of its obligations under this Agreement, including any damage caused by third parties who may receive access to the ABBYY SDK as a result of the Developer’s breach. 6.3. If the Developer breaches article 3, the Company has the right to impose on the Developer a penalty of four thousand five hundred (4,500) euros per event.‌ 6.4. The penalties in accordance with articles 6.1 and 6.3 of this Agreement shall be without prejudice to the Company’s rights and remedies under the Agreement and/or the applicable law such as the Company’s right to demand specific performance or compensation for damages if the damages incurred exceed the amount of the penalty. 6.5. The Company’s notice to pay penalties in accordance with articles 6.1 - 6.3 of this Agreement should be in writing by registered mail. In case of absence of duly completed written notice, the Developer shall not be liable to pay such penalties to the Company. 6.6. The Developer shall pay penalties imposed by the Company in accordance with articles 6.1 - 6.3 of this Agreement within thirty (30) days upon receipt of written notice from the Company.

Developer’s Liability. 6.1. If the Developer breaches article 4 the Company has the right to impose on the Developer a penalty of up to one hundred thousand (100,000) euros per event.‌ 6.2. The Developer shall compensate the Company in full for any damage caused by the breach by the Developer of its obligations under this Agreement, including any damage caused by third parties who may receive access to the ABBYY SDK as a result of the Developer’s breach. 6.3. If the Developer breaches article 3, the Company has the right to impose on the Developer a penalty of four thousand five hundred (4,500) euros per event.‌ 6.4. The penalties in accordance with articles 6.1 and 6.3 of this Agreement shall be without prejudice to the Company’s rights and remedies under the Agreement and/or the applicable law such as the Company’s right to demand specific performance or compensation for damages if the damages incurred exceed the amount of the penalty. 6.5. The Company’s notice to pay penalties in accordance with articles 6.1 - 6.3 of this Agreement should be in writing by registered mail. In case of absence of duly completed written notice, the Developer shall not be liable to pay such penalties to the Company. 6.6. The Developer shall pay penalties imposed by the Company in accordance with articles 6.1 - 6.3 of this Agreement within thirty (30) days upon receipt of written notice from the Company.thirty