Contract Penalty. 4.1 If the measures of the INDEPENDENT WORKSHOP for securing of the utilization of the data as regulated by Article 2 are insufficient and the data gets utilized in a different (unauthorized) way, the parties agree the damages would be difficult to ascertain. Therefore, INDEPENDENT WORKSHOP agrees to pay an amount of $20,000 for each infringement and the parties agree such payment is considered liquidated damages and not a penalty. 4.2 PORSCHE IMPORTER reserves the right to assert further remedies available at law.
Appears in 2 contracts
Sources: Independent Workshop Agreement, Independent Workshop Agreement