Examples of Rescission Agreement in a sentence
From and after the date of this Rescission Agreement, each Party will refrain from making any disparaging statements, communications or comments about another Party to this Rescission Agreement, and from in any way interfering with their existing or prospective business relationships.
Should any provision of this Rescission Agreement be found legally unconscionable, objectionable, or otherwise unenforceable, all other provisions of this Rescission Agreement will remain in full force and effect.
Nevertheless, each Party specifically does not rely upon any statement, representation, legal opinion, or promise of any other Party or his or its counsel in executing this Rescission Agreement or in making the settlement provided for herein, except as expressly stated in this Rescission Agreement.
Notwithstanding the arbitration provision of this Rescission Agreement, either Party may seek injunctive relief in any court having jurisdiction to enforce this Section.
All notices, requests, demands, claims, and other communications under this Rescission Agreement must be in writing.
On 11 November 2014, Hong Kong Binjiang, Guozi Zhiye and an independent investor entered into the Rescission Agreement pursuant to which the Original Cooperation Agreement has been terminated due to the intended withdrawal of the investment in the Target Company by the independent investor.
In addition, the Directors consider that the terms of the Sale and Purchase Agreement and the Rescission Agreement are on normal commercial terms and are fair and reasonable and the Disposal and the Rescission is in the interests of the Company and the Shareholders as a whole.
This Rescission Agreement shall not confer any rights or remedies under or by reason of this Rescission Agreement to or for the benefit of any person other than the Parties to this Rescission Agreement and their respective successors and assigns (including the heirs, beneficiaries or legal representatives of the Parties), nor shall this Rescission Agreement relieve or discharge the obligation or liability of any third persons to any Party.
The representations and releases contained in this Rescission Agreement will survive the consummation of the transactions contemplated by this Rescission Agreement.
Each party to the Rescission Agreement has mutually agreed that in view of the Original Cooperation Agreement having not been performed by any party, and that each party shall be discharged from any responsibility in connection with the Original Cooperation Agreement upon the termination of the Original Cooperation Agreement.