Common use of Damages Not an Adequate Remedy Clause in Contracts

Damages Not an Adequate Remedy. Without prejudice to any other rights or remedies which a party may have, the parties acknowledge and agree that damages would not be an adequate remedy for any breach of this Clause 23 and the remedies of injunction, specific performance and other equitable relief are appropriate for any threatened or actual breach of any such provision and no proof of special damages shall be necessary for the enforcement of the rights under this Clause 23. 23.4

Appears in 1 contract

Sources: Joint Venture Shareholders' Agreement

Damages Not an Adequate Remedy. Without prejudice to any other rights or remedies which a party may have, the parties acknowledge and agree that damages would not be an adequate remedy for any breach of this Clause 23 and the remedies of injunction, specific performance and other equitable relief are appropriate for any threatened or actual breach of any such provision and no proof of special damages shall be necessary for the enforcement of the rights under this Clause 23. 23.4.

Appears in 1 contract

Sources: Joint Venture Shareholders' Agreement (Siberian Energy Group Inc.)