Common use of Collaborative Efforts Clause in Contracts

Collaborative Efforts. In the event that a Claim should be made based upon a design defect and the design was a collaborative effort, Seller and Buyer shall cooperate fully in the defense of this matter, sharing in all Losses related to such Claim, provided each party will contribute to the aggregate Losses arising from such Claim in a proportion reflecting to the relative and comparative responsibilities of the parties for such Losses, as well as any other relevant equitable considerations.

Appears in 4 contracts

Samples: Supply Agreement (Core Molding Technologies Inc), Term of Agreement (Core Molding Technologies Inc), Supply Agreement (Enova Systems Inc)

AutoNDA by SimpleDocs

Collaborative Efforts. In the event that a Claim should be made based upon a design defect and the design was a collaborative effort, Seller and Buyer shall cooperate fully in the defense of this matter, sharing in all Losses related to such Claim, provided each party Party will contribute to the aggregate Losses arising from such Claim in a proportion reflecting to the relative and comparative responsibilities of the parties Parties for such Losses, as well as any other relevant equitable considerations.

Appears in 1 contract

Samples: Supply Agreement (Core Molding Technologies Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!