Common use of Covenant Re: Assignment Clause in Contracts

Covenant Re: Assignment. The Parties hereto, and each of them, ------------------------- represent and warrant to each other that each is the sole and lawful owner of all right, title and interest in and to every claim and other matter which each purports to release herein, and that they have not heretofore assigned or transferred, or purported to assign or transfer, to any person, firm, association, corporation or other entity, any right, title or interest in any such claim or other matter. In the event that such representation is false, and any such claim or matter is asserted against any Party hereto (and/or the successor of such Party) by any Party or entity who is the assignee or transferee of such claim or matter shall fully indemnify, defend and hold harmless the Party against who such claim or matter is asserted (and its successors) from and against such claim or matter and from all actual costs, fees, expenses, liabilities, and damages which that Party (and/or its successors) incurs as a result of the assertion of such claim or matter.

Appears in 6 contracts

Samples: Settlement Agreement and General Mutual Release (Industrial Rubber Innovations Inc), Settlement Agreement and General Mutual Release (Startronix International Inc), Settlement Agreement and General Mutual Release (Industrial Rubber Innovations Inc)

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Covenant Re: Assignment. The Parties hereto, Each Party hereto represents and each of them, ------------------------- represent and warrant to each other warrants that each it is the sole and lawful owner of all right, title and interest in and to every claim and other matter which each it purports to release herein, and that they have it has not heretofore assigned or transferred, or purported to assign or transfer, to any person, firm, association, corporation or other entity, entity any right, title or interest in any such claim or other matter. In the event that such representation is false, and false and/or any such claim or matter is asserted against any Party hereto (and/or the successor of such Party) by any Party party or entity who is the assignee or transferee of such claim or matter, then the Party hereto who assigned or transferred such claim or matter shall fully indemnify, defend defend, and hold harmless the Party (and its successors) against who whom such claim or matter is asserted (and its successors) from and against such claim or matter and from all actual costs, fees, expenses, liabilities, liabilities and damages which that Party (and/or its successors) incurs as a result of the assertion of such claim or matter.

Appears in 1 contract

Samples: bankrupt.com

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