Common use of Brokers; Expenses Clause in Contracts

Brokers; Expenses. Except as otherwise expressly provided herein, each of the Parties will bear his or its own costs and expenses (including legal fees and expenses) incurred in connection with this Agreement and the transactions contemplated hereby. Each Party hereto shall be responsible for broker or similar fees arising with respect to brokers retained or engaged by such Party and shall indemnify the other Party against such fees in connection with the transactions contemplated herein. This indemnification obligation shall survive for a period of five (5) years following the Closing Date.

Appears in 4 contracts

Samples: Purchase and Sales Agreement, Stock Exchange Agreement (Wiless Controls Inc.), Purchase and Sales Agreement (Imperial Petroleum Inc)

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