Common use of Damages Inadequate Clause in Contracts

Damages Inadequate. Without prejudice to any other rights or remedies that each Party may have, each Party acknowledges and agrees that damages alone would not be an adequate remedy for any breach of the terms of this Agreement by any other Party. Accordingly, each Party shall be entitled to the remedies of injunction, specific performance or other equitable relief for any threatened or actual breach of the terms of this Agreement by any other Party.

Appears in 2 contracts

Sources: Intellectual Property License Agreement (OM Asset Management PLC), Intellectual Property License Agreement (OM Asset Management LTD)