Common use of Liabilities for Breach Clause in Contracts

Liabilities for Breach. 7.1 The occurrence of any of the following circumstances to any Party hereto shall constitute a breach of this Agreement: 7.1.1 Breach of any obligation or covenant set forth herein; 7.1.2 Any representation or warranty made by such Party in this Agreement is inconsistent with the facts or is misleading, whether made in good faith or in bad faith. 7.2 In case of any aforesaid breach of this Agreement, the non-breaching Party shall be entitled to request the breaching Party to rectify it within 30 days; if the breaching Party fails to rectify it within the specified period, the Parties may initiate arbitration in accordance with Article 10.2 of this Agreement. If such arbitration fails, the non-breaching Party shall be entitled to rescind this Agreement. Furthermore, the breaching Party shall indemnify the non-breaching Party against all claims, losses, liabilities, damages, costs and expenses directly caused to the non-breaching Party due to its breach.

Liabilities for Breach. 7.1 8.1 The occurrence of any of the following circumstances to any Party hereto shall constitute a breach of this Agreement: 7.1.1 8.1.1 Breach of any obligation or covenant set forth hereinin this Agreement; 7.1.2 8.1.2 Any representation or warranty made by such Party in this Agreement is inconsistent with the facts or is misleading, misleading (whether made in good faith or in bad faith). 7.2 8.2 In case of any aforesaid breach of this Agreement, the non-breaching Party shall be entitled to request the breaching Party to rectify it within 30 days; if the breaching Party fails to rectify it within the specified period, the Both Parties may initiate arbitration in accordance with Article 10.2 11.2 of this Agreement. If such arbitration fails, the non-breaching Party shall be entitled to rescind this Agreement. Furthermore, the breaching Party shall indemnify the non-breaching Party against all claims, losses, liabilities, damages, costs and expenses directly caused to the non-breaching Party due to its breach.

Liabilities for Breach. 7.1 8.1 The occurrence of any of the following circumstances to any Party hereto shall constitute a breach of this Agreement: 7.1.1 8.1.1 Breach of any obligation or covenant set forth hereinin this Agreement; 7.1.2 8.1.2 Any representation or warranty made by such Party in this Agreement is inconsistent with the facts or is misleading, misleading (whether made in good faith or in bad faith). 7.2 8.2 In case of any aforesaid breach of this Agreement, the non-breaching Party shall be entitled to request the breaching Party to rectify it within 30 days; if the breaching Party fails to rectify it within the specified period, the Both Parties may initiate arbitration in accordance with Article 10.2 11.2 of this Agreement. If such arbitration fails, the non-breaching Party shall be entitled to rescind this Agreement. Furthermore, the breaching Party shall indemnify the non-breaching Party against all claims, losses, liabilities, damages, costs and expenses directly caused to the non-breaching Party due to its breachbreach (including the fees of attorney).