Remedies Clause Example from Business Contracts

Remedies. The Parties recognize and affirm that in the event of a breach of Sections 7 and 8, money damages would be inadequate and the Company would not have an adequate remedy at law. Accordingly, the Parties agree that in the event of a breach or a threatened breach of Sections 7 or 8, the Company may, in addition and supplementary to other rights and remedies existing in its favor, apply to any court of law or equity of competent jurisdiction for specific performance or injunctive or other relief to e...nforce or prevent any breaches of the provisions hereof. Executive further agrees that the Company shall have the right to offset the amount of any damages resulting from a breach by Executive of Sections 7 or 8 against any payments due Executive under this Agreement. The Parties agree that each Party will pay its or his own legal fees. View More