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.
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Samples: Lease Contract (China Finance Online Co. LTD), Lease Contract (China Finance Online Co. LTD), Lease Contract (China Finance Online Co. LTD)