Liabilities for Breach. 9.1 The Parties agree and confirm that, if any of the Parties (the “Breaching Party”) is materially in breach of any provision hereof, or materially fails or delays in performing any of the obligations hereunder, a breach hereof is constituted (a “Breach”), and any of the other Parties which does not commit any Breach (a “Non-breaching Party”) has the right to require that the Breaching Party rectify it or take a remedial action within a reasonable period. If the Breaching Party fails to rectify the Breach or take remedial actions within the reasonable period or within ten (10) days of the other Party’s written rectification notice, then:
Liabilities for Breach. 7.1 The occurrence of any of the following circumstances to any Party hereto shall constitute a breach of this Agreement:
Liabilities for Breach. Where either party commits a breach of this Agreement, it shall be liable to compensate the other party for any and all damages caused to it as a result of the breach, excluding indirect or consequential damages.
Liabilities for Breach. A breach of this Contract shall be constituted if any party hereto violates the requirements of this Contract by failing to fully perform this Contract, or making any false information, or withholding or omitting significant facts in any undertaking, representation and warranty made by her/it in this Contract, or refusing to perform any of her/its undertakings, representations and warranties. The defaulting party shall bear the corresponding liabilities for the breach according to laws.
Liabilities for Breach of This Labor Contract
Liabilities for Breach. (1) In the event of any breach by either Party, the breaching Party shall be liable to the non-breaching Party for its breach, and shall indemnify the latter for the losses caused by such breach. The non-breaching Party may give the breaching Party reasonable opportunity to cure.
Liabilities for Breach. 9.1 The party in breach shall be responsible for the liabilities resulting from the breach. If both parties are deemed to be in breach of the Contract, liabilities shall be allocated between the two parties in accordance with corresponding facts and actual results of the breach.
Liabilities for Breach. Party B undertakes to fully pay off the payment regarding the equity transfer within the agreed timeframe; otherwise, it shall be deemed as a breach of the Agreement and Party B shall pay a penalty at the rate of 0.3 percent per day.
Liabilities for Breach. 8-2 Any breach of this Contract by any party shall be deemed as default. The Party in breach shall correct its breaching acts within 3 days of the grace period as of receiving the observing party’s written notice. In case the party in breach does not correct its breaching acts within the grace period, the other party shall be entitled to claim for damages. Any expense arising therefrom within the scope of the Contract shall be borne by the party in breach on its own.
Liabilities for Breach. 1. The parties shall perform this Agreement on a voluntary basis once it becomes effective. Any party who fails to fully perform its/his/her obligations as required by this Agreement shall bear all liabilities according to law and the provisions hereof.
