Common use of Remedies for Breach of Contract Clause in Contracts

Remedies for Breach of Contract. 4.1 The Parties agree that if Party B breaches the Non-Compete obligations stipulated by Clause II of the Agreement, he shall bear liability for such breach. All benefits and proceeds acquired as a result of the breach of such Non-Compete obligations (such as work product resulting from engaging in competition with Party A) shall become the property of Party A. Furthermore, Party B shall compensate Party A for actual losses incurred by Party A as a result of such breach. Party A shall also have the right to request that Party B immediately terminate any activity related to the Competing Business.

Appears in 4 contracts

Samples: Non Competition Agreement (Redgate Media Group), Investment Framework Agreement (Redgate Media Group), Non Compete Agreement (Redgate Media Group)

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Remedies for Breach of Contract. 4.1 The Parties agree that if Party B breaches the Non-Compete Competition obligations stipulated by Clause II of the this Agreement, he shall bear assume the liability for such breach. All benefits and proceeds acquired as a result of the breach of such Non-Compete Competition obligations (such as work product resulting from engaging in competition with Party A) shall become the property of Party A. Furthermore, Party B shall compensate Party A for actual losses incurred by Party A as a result of such breach. Party A shall also have the right to request that Party B immediately terminate any activity related to the Competing Business.

Appears in 2 contracts

Samples: Non Competition Agreement (Redgate Media Group), Non Competition Agreement (Redgate Media Group)

Remedies for Breach of Contract. 4.1 The Parties agree that Party B shall assume the liability for breach of contract if Party B breaches violates the Nonnon-Compete obligations stipulated by Clause II of the Agreementcompetition obligation as specified in Article 2 hereof, he shall bear liability for such breach. All benefits and proceeds acquired as a result of the breach all incomes obtained from violation of such Non-Compete obligations obligation (such as engagement in the work product resulting from engaging in competition competitive with Party A) shall become the property of vest in Party A. FurthermoreA, and Party B shall compensate Party A for all actual losses incurred by Party A as a result of such breacharising therefrom. In addition, Party A shall also have the right be entitled to request that require Party B to immediately terminate cease conducting any activity related relating to the Competing Businesscompetitive business.

Appears in 2 contracts

Samples: Non Competition Agreement (Redgate Media Group), Termination Agreement (Redgate Media Group)

Remedies for Breach of Contract. 4.1 The Parties agree that if Party B breaches the Non-Compete Competition obligations stipulated by Clause II of the this Agreement, he shall bear assume the liability for such breach. All benefits and proceeds acquired as a result of the breach of such Non-Compete Competition obligations (such as work product resulting from engaging in competition with Party A) shall become the property of Party A. Furthermore, Party B shall compensate Party A for actual losses incurred by Party A as a result of such breach. Party A shall also have the right to request that Party B immediately terminate any activity conduct related to the Competing Business.

Appears in 1 contract

Samples: Non Competition Agreement (Redgate Media Group)

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Remedies for Breach of Contract. 4.1 The Parties agree It is agreed that Party B shall assume the liability for breach of contract if Party B breaches the Nonnon-Compete competition obligations stipulated by Clause II of the Agreementas specified in Article 2 hereof, he shall bear liability for such breach. All benefits and proceeds acquired as a result of the breach all incomes received from violation of such Non-Compete obligations obligation (such as engagement in the work product resulting from engaging in competition competitive with Party A) shall become the property of vest in Party A. FurthermoreA, and Party B shall compensate Party A for all the actual losses incurred by Party A as a result of such breacharising therefrom. In addition, Party A shall also have the right to request that require Party B to stop immediately terminate conducting any activity related relating to the Competing Businesscompetitive business.

Appears in 1 contract

Samples: Non Competition Agreement (Redgate Media Group)

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