AUTHORIZED EXECUTION; BINDING OBLIGATION. Each Party represents and warrants to the other Party that its execution, delivery, and performance of this Agreement have been duly authorized and approved by all necessary corporate action and that this Agreement is binding, upon and enforceable against it in accordance with the Agreement's terms (subject to bankruptcy and similar laws affecting the rights of creditors generally).
Appears in 4 contracts
Samples: Collaboration and License Agreement (Lexicon Genetics Inc/Tx), Sublicense Agreement (Lexicon Genetics Inc/Tx), Note Agreement (Lexicon Genetics Inc/Tx)