Liability for Breach of Agreement. 1. If the continued performance of this agreement is impossible due to the fault of either party under this agreement, the defaulting party should pay a corresponding breach penalty to the other party. The amount of the breach penalty will be 10 percent of the amount of the agreement.
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Samples: Franchise Agreement (Ninetowns Digital World Trade Holdings LTD), Franchise Agreement (Ninetowns Digital World Trade Holdings LTD), Franchise Agreement (Ninetowns Internet Technology Group Co LTD)
Liability for Breach of Agreement. 1. If Upon the continued performance effectiveness of this agreement is impossible due to the fault Agreement, any failure of either party under to perform the obligations stipulated in this agreementAgreement, the defaulting party should pay a corresponding in part or in whole, shall be deemed as breach penalty to the other partyof contract. The amount breaching party shall compensate the non-breaching party 10% of the breach penalty will be 10 percent purchase price of such state-owned equity interest provided herein as the amount of the agreementstipulated penalty.
Appears in 2 contracts
Samples: Agreement (Deli Solar (USA), Inc.), Agreement (Deli Solar (USA), Inc.)
Liability for Breach of Agreement. 1. If the continued performance of this agreement is impossible due to the fault of either party under this to the agreement, the defaulting party should pay a corresponding breach penalty to the other party. The amount of the breach penalty will be 10 percent of the amount of the agreement.
Appears in 1 contract
