Remedies Clause Example from Business Contracts

Remedies. The Sponsor and each of the Founders hereby agree and acknowledge that (i) each of the Underwriters and the Company would be irreparably injured in the event of a breach by the Sponsor or such Founder of its or his obligations, as applicable under paragraphs 3, 4, 5, 7, 10, 11 and 12, (ii) monetary damages may not be an adequate remedy for such breach and (iii) the non-breaching party shall be entitled to injunctive relief, in addition to any other remedy that such party may have in law or in eq...uity, in the event of such breach. View More