Common use of Accounting for Profits; Indemnification Clause in Contracts

Accounting for Profits; Indemnification. 12.1 The Employee agrees that if the Employee shall violate any of the Employee's covenants or agreements under this Agreement, the Employer shall be entitled to an accounting and repayment of all profits, compensation, royalties, commissions, remunerations or benefits which the Employee directly or indirectly shall have realized or may realize relating to, growing out of, or in connection with any violations, the remedy shall be in addition to and not in limitation of any injunctive relief or other rights or remedies to which the Employer is or may be entitled at law or in equity or otherwise under this Agreement. The Employee agrees to indemnify and save the Employer harmless from and in respect of (a) any and all losses and damages resulting from, relating or incidental to, or arising out of any breach of the Employee’s obligations under Sections 5, 6, 7, 8, 9 and 10 of this Agreement; and (b) any and all actions, suits, proceedings, claims, demands, judgments, costs and expenses (including reasonable lawyer's fees and disbursements) incidental to the foregoing.

Appears in 4 contracts

Samples: Employment Agreement (Innexus Biotechnology Inc), Employment Agreement (Innexus Biotechnology Inc), Employment Agreement (Innexus Biotechnology Inc)

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