Common use of Rescission of Clause in Contracts

Rescission of. the Sale shall give rise to the payment of an indemnity amounting to 10% of the price by the Party responsible for such rescission, without prejudice to the right held by the Party demanding rescission to demand compensation for the loss or harm effectively suffered.

Appears in 1 contract

Sources: Preliminary Reservation Agreement

Rescission of. the Sale shall give rise to the payment of an indemnity amounting to 1010 % of the price Price by the Party responsible for such rescission, without prejudice to the right held by the Party demanding rescission to demand compensation for the loss or harm effectively sufferedeffectively suffered.

Appears in 1 contract

Sources: Preliminary Reservation Agreement