Common use of Agency’s Conditions Clause in Contracts

Agency’s Conditions. A breach of contract by the Agency is subject to Danish law. Operating loss, loss of profit or other indirect losses are not compensated. If the Agency defaults on its payment obligations under this Contract, the Supplier is entitled to interest in accordance with the regulations of the Overdue Payments Interest Act. The Supplier is also entitled to terminate the Contract in part to the Agency with effect for future payments if the Supplier has submitted a demand in writing to the Agency that the Agency has in a specified way defaulted on its payment obligations and that failure to pay within 30 days will result in the termination of the Contract with the Agency, if the Agency does not fulfill its payment obligations by the deadline. The Agency’s liability is maximised in the same way as the Supplier’s liability, see item14.

Agency’s Conditions. A breach of contract by the Agency is subject to Danish law. Operating loss, loss of profit or other indirect losses are not compensated. If the Agency defaults on its payment obligations under this Contract, the Supplier is entitled to interest in accordance with the regulations of the Overdue Payments Interest Act. The Supplier is also entitled to terminate the Contract in part to the Agency with effect for future payments if the Supplier has submitted a demand in writing to the Agency that the Agency has in a specified way defaulted on its payment obligations and that failure to pay within 30 days will result in the termination of the Contract with the Agency, if the Agency does not fulfill its payment obligations by the deadline. The Agency’s liability is maximised maximized in the same way as the Supplier’s liability, see item14item0.