Common use of Exemption Clause Clause in Contracts

Exemption Clause. If either party or both parties are unable to perform or fully perform their obligations under this agreement due to force majeure, neither party shall be liable for breach of contract. However, in the event of force majeure, either party or both parties shall inform the other party in writing of the situation within 15 days after the occurrence of force majeure and provide proof from relevant departments. Within a reasonable time after the elimination of force majeure, one or both parties shall continue to perform the contract.

Appears in 2 contracts

Sources: Technology R&d Service Contract (Intercont (Cayman) LTD), Technology R&d Service Contract (Intercont (Cayman) LTD)

Exemption Clause. If either party this Contract cannot be performed or both parties are unable to perform or cannot be fully perform their obligations under this agreement performed due to force majeure, neither party shall be held liable for breach of contract. However, in the event of party affected by force majeure, either party or both parties majeure shall inform notify the other party in writing of the situation within 15 three (3) days after the occurrence of the force majeure and provide proof from relevant departments. Within a reasonable time after the elimination of force majeure, one or both parties shall continue to perform the contractevent.

Appears in 1 contract

Sources: Office Lease Agreement (Taoping Inc.)

Exemption Clause. If either one party or both parties are unable to cannot perform the related obligations therein in whole or fully perform their obligations under this agreement in part due to force majeure, neither party shall be liable for breach of contractboth parties will not bear responsibilities to each other. However, the party or parties suffering from force majeure shall inform the other party or each other of the situation in writing within 15 days after force majeure(s) occur(s) and provide the event certifications of related departments. Within the reasonable time period after elimination of the influence of force majeure, either one party or both parties shall inform continue performing the other party in writing of the situation within 15 days after the occurrence of force majeure and provide proof from relevant departments. Within a reasonable time after the elimination of force majeure, one or both parties shall continue to perform the contractagreement.

Appears in 1 contract

Sources: Strategic Cooperation Agreement (Baird Medical Investment Holdings LTD)