Common use of Injunctive Relief and Additional Remedies Clause in Contracts

Injunctive Relief and Additional Remedies. Each Party hereby recognizes, acknowledges and agrees that in the event of any breach of this confidentiality obligation by the other Party (or by any Third Party contracted by the other Party), including without limitation, the actual or threatened disclosure or unauthorized use of the Confidential Information without the prior express written consent of the other Party, the other Party will suffer serious damages and injuries for which financial compensation may not be an adequate remedy at law. Accordingly each Party agrees that the other Party shall have the right to enforce this Agreement and any of its provisions by injunction, specific performance and any other available remedies, without prejudice to any other rights and remedies that that other Party may have for a breach of this Agreement. Such rights and remedies include, among others, the right to receive a compensation for any and all direct or indirect costs and damages (including but not limited, reasonable attorney cost and investigation cost) the Party may suffer as a consequence of such infringements.

Appears in 3 contracts

Sources: Development and License Agreement (ASLAN Pharmaceuticals LTD), Development and License Agreement (ASLAN Pharmaceuticals LTD), Development and License Agreement (ASLAN Pharmaceuticals LTD)