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It depends on what the terms "business losses" means. By law, he is not permitted to seek reimbursement for the cost of attorneys and filing fees for the H1B. But he is allowed to seek liquidated damages from you. So the validity of the clause is dependent on the definition or description of business losses.
As far as the green card or visa process being affected by your move, it depends on whether this is also a change that will occur once you get the green card. The I-140 and green card are for a future job offer. They are not dependent on what you are doing right now, in your current status, before the green card is issued.
Now when you ask if it will affect your visa process, what process is that - the change of status from L1 to H1B?