Common use of Compensation of Damage Clause in Contracts

Compensation of Damage. 32.1 ENTRUSTOR must compensate ENTRUSTEE for any damage caused by the reason attributed to ENTRUSTOR with respect to Article 31. 32.2 ENTRUSTEE must compensate ENTRUSTOR for any damage caused by the reason not attributed to ENTRUSTOR with respect to Article 31. However, when the damage is not attributed to the responsibility of ENTRUSTEE, the compensation of the damage will be decided upon the consultation between the PARTIES, if possible. 32.3 The damage amount specified in Articles 32.1 and 32.2 will be decided upon the consultation between the PARTIES, if possible.

Appears in 2 contracts

Sources: Entrustment Business Agreement, Entrustment Business Agreement