Common use of Default Rights Clause in Contracts

Default Rights. The Lessor may legally take possession of the domain names and deduct all recovery, restoration of reputation and associated costs without prior notice if the Lessee is in default. In this case, the Lessee will be responsible for any deficiency. These rights are cumulative. The Lessor must release the domain names or mitigate any default damages if legally required to do so.

Default Rights. The Lessor may legally take possession of the domain names name and deduct add all recovery, restoration of reputation and associated costs without prior notice if the Lessee is in default. In this case, the Lessee will be responsible for any deficiency. These rights are cumulative. The Lessor must release the domain names name or mitigate any default damages if legally required to do so.