Violation Liabilities Clause Samples
Violation Liabilities. Article 22 Both parties must perform this Contract in good faith upon the conclusion.
Violation Liabilities. 14.1 If Party B terminates this Contract in advance within the term, it shall inform Party A two months in advance and return the margin in double times and the rent for the rest term of this Contract (the rent of a term longer than four months is calculated based on four months) to Party A. Should Party A terminate this Contract in advance within the term, it shall inform Party B two months in advance and Party B will not refund the margin that Party A pays. In such case, Party A shall also be responsible for the rent of the rest terms within the validity of this Contract (the rent of a term longer than four months is calculated based on four months).
14.2 Party A shall pay Party B margin as per 5.1 and 5.2 of this Contract. Otherwise, Party A is seen as a breach of this Contract. In such case, Party B can terminate this Contract and rent it out to a third party without informing Party A in advance; refuse to refund Party A’s down payment and ask Party A for liquidated damages according to the total margin specified in 5.1 and 5.2 hereof.
14.3 Party A shall not refuse to pay or default in paying rent, management fees and other expenses with any cause. If Party A fails to pay the fees above within the time specified, it shall pay Party B liquidated damages which are 0.5% of total fees for each day overdue. Should Party A fail to pay the rent and other expenses for five days overdue as per this Contract, Party B will suspend providing services for it (including but not limited to water and electricity supply, door access, business service, article release, etc.) and all the consequences arising therefrom shall be borne by Party A.
14.4 If Party A involves any of the following cases within the term of lease:
(1) Party A fails to pay rent and other expenses based on the time specified herein for seven days overdue;
(2) Party A defaults in paying rent and other expenses for three times. Party A is seen as a serious breach of this Contract. Party B will terminate this Contract with Party A, confiscate Party A’s margin and may collect and rent out this Premise. Party A shall also be responsible for the rent of the rest terms within the validity of this Contract (the rent of a term longer than four months is calculated based on four months). If Party A does not dispose its office facilities and supplies left inside this Premise, it is seen as having waived the disposal and agreed Party B to dispose them.
14.5 In case that Party A terminates this Contract in advan...
Violation Liabilities. 1. In case of failing to pay Party A rent in due time, Party B shall pay Party A liquidated damages which are 0.3% of the total payables for each day overdue. If Party B delays in paying Party A rent for at least 15 days, Party A is entitled to terminate this Contract, take back this Premise, ask Party B to pay the fees owed and liquidated damages arising therefrom and will not refund the rent for the rest term of lease.
2. Party B is seen as a breach of this Contract if subleasing this Premise to a third party without Party A’s written consent. In such case, Party A is entitled to terminate this Contract unilaterally, take back this Premise and will not refund the rent for the rest term of lease.
3. Where Party B goes against the property management systems, Party A or the property management company of this Premise is entitled to stop Party B’s illegal behaviors and ask it to make rectification, recover the damaged part to the original status and compensate the loss within a time limit; Party B shall also bear all the legal liabilities arising therefrom.
4. If Party A terminate this Contract unilaterally with no just cause or Party B moves out of this Premise due to Party A’s cause within the term of lease, Party A shall pay Party B liquidated damages which are 10% of the total contract price and refund Party B the rent for the rest term of lease and deposit.
5. If either party refuses to perform the contractual obligations stated herein or violates the contents of the terms, causing any loss to the counterparty or the prior termination of this Contract, the default party shall bear the observant party’s entire economic losses and legal responsibilities.
6. Party A is seen as a breach of this Contract, if a third party claims right against Party B or hinders Party B from using this Premise. In such case, Party B is entitled to terminate this Contract, and Party A shall pay Party B liquidated damages which are 10% of the total contract price.
7. Party A shall assist Party B in dealing with company registration. If Party A refuses to offer assistance within three working days after receiving Party B’s written notice, Party A is seen as a breach of this Contract. Party B can charge liquidated damages which are ▇▇▇ ▇▇▇ for each day overdue from Party A. If Party A fails to offer assistance for more than five working days overdue, Party B is entitled to terminate this Contract and ask Party A to pay liquidated damages which are 10% of the total contract price...
Violation Liabilities. 8.1 If this transaction fails by the Purchaser’s reason, the Purchaser shall unconditionally cooperate with the transferor and the Target Companies to complete all business change procedures and restore the original state. If this transaction fails by the Transferor’s cause, and both parties confirm that the purpose of this Agreement cannot be achieved, this Agreement may be terminated through mutual consultation and restored to its original state.
8.2 If any party under this Agreement violates any obligation, warranty or commitment under this Agreement, resulting in the failure in performing this Agreement or in performing this Agreement continuously, the default party shall be responsible for compensating other parties’ losses arising therefrom (including reasonable attorney fees). If all parties under this Agreement violate this Agreement, each default party shall bear their respective violation liabilities.
Violation Liabilities. 9.1 If this transaction fails by the Purchaser’s reason, the down payment that the Purchaser has paid to the target company will not be refunded any longer. If this transaction fails by the Transferor’s cause, the Transferor shall refund all the capitals having been paid by the Purchaser.
9.2 If any party under this Agreement violates any obligation, warranty or commitment under this Agreement, resulting in the failure in performing this Agreement or in performing this Agreement continuously, the default party shall be responsible for compensating other parties’ losses arising therefrom (including reasonable attorney fees). If all parties under this Agreement violate this Agreement, each default party shall bear their respective violation liabilities.
Violation Liabilities. 13.1 If Party B does not use the loan based on the purpose specified herein, Party C shall stop issuing the loan any longer at Party A’s request and collect the loan having been issued in advance, either in part or in whole. Party B shall pay Party A penalty interest based on the interest which is the loan interest hereunder plus 50% (50%-100%) since the date when it fails to use the loan based on the purpose specified herein, until it repays the capital and pays interest of the loan entirely. Party C can deduct the penalty interest directly from the account that Party B opens at Party C’s site based on Party A’s requirements. Party C shall charge compound interest against the interest that Party B fails to pay on time based on the interest rate of penalty interest.
13.2 If the loan cannot be issued any more due to Party C’s cause (except for force majeure), Party C shall compensate Party A’s and Party B’s loss arising therefrom.
13.3 If Party C fails to issue the loan, review and verify Party B’s payment voucher as per Party A’s written requirements after effectiveness of this Contract, resulting in Party A’s loss, Party C shall bear compensation liabilities arising therefrom within the scope of fault and responsibility.
13.4 All parties shall perform other obligations specified in this Contract upon effectiveness of this Contract. If any party refuses to perform the obligations prescribed herein, either in whole or in part, the due party shall bear the violation liabilities arising therefrom and compensate the counterparties’ loss caused thereby.
