Common use of Remedies and Liability Clause in Contracts

Remedies and Liability. Each Party shall be liable for any breach of this agreement by it or any of its Representatives. Each Party shall be entitled to all remedies available to it at law and in equity; provided, notwithstanding any other provision herein, the Parties agree that neither Party shall be liable for punitive or exemplary damages, whether founded in tort, contract or otherwise, in respect of the disclosure or use of any information furnished to it by another Party hereto under this agreement. Each of the Parties acknowledge to one another that it may not have an adequate remedy at law for money damages in the event that any of the covenants in this agreement were not performed by the other Party, and therefore agree that it shall be entitled to specific enforcement of such covenants in addition to any other remedy to which it may be entitled.