Common use of Declarations and Warranties Clause in Contracts

Declarations and Warranties. 1. Both parties signing this agreement make the following statements and guarantees: (1) Party A, Party B and Party C are independent civil subjects and have legal rights or authorization to sign this agreement. (2) The funds, technologies, business plans and other data and documents invested by Party A, Party B and Party C are the legal property and intellectual property owners owned by Party A, Party B and Party C, without any rights defects; Otherwise, this party shall continue to undertake the obligation to supplement the investment funds, correct the technical and data rights defects and all legal responsibilities. (3) The documents and materials submitted by Party A, Party B and Party C to the Company are true, accurate and effective. (4) Party A, Party B and Party C shall not damage the legal rights of the company or the other partner. Otherwise, the other partner has the right to pursue the other partner's liability for breach of contract. 2. Rights and obligations of both parties: (1) Rights of partners: ① Keep abreast of the company's work progress;