Professional Documents
Culture Documents
Damages Clauses
Damages Clauses
by and between
Adriano Zumbo and Steve Lewis (Gideon's Bakehouse)
Definitions
“Damages” shall mean any and all costs, losses, claims, liabilities, fines, penalties,
damages and expenses, court costs, and reasonable fees and disbursements of counsel,
And
1.2 If Mr. Lewis fails to purchase a minimum of fifty (50) cakes per month during three
(3) months of the same semester , then Mr Lewis shall pay to Mr. Zumo the sum of
FIFTY THOUSAND DOLLARS ($50,000 USD) as a compensation for the damages caused
to Mr. Zumo. Notwithstanding, Mr. Zumo may seek additional damages if the breach by
Mr. Lewis causes an injury in excess of the abovementioned value.
And
1.3. If Mr Zumo fails to supply the cakes (Product) in its first ninety (90) days of supply
by Mr Zumo and such failure results in a Stock-out Shortage of cakes in Gideon's
Bakehouse, then Mr Zumo shall pay to Mr Lewis an amount equal to the then-current
full retail price of each cake of such undelivered Product.
1.2. If Mr Zumo´s failure goes beyond the first ninety (90) days, then he agrees to pay
the sum of THIRTY TWO THOUSAND DOLLARS ($32,000), as a compensation for the
damages caused to Mr. Lewis. Notwithstanding, Mr. Lewis may seek additional damages
if the breach by Mr. Zumo causes an injury in excess of the abovementioned value.