ENCUMBRANCES; INDEMNIFICATION Sample Clauses
The "Encumbrances; Indemnification" clause serves to address both the presence of any legal claims or burdens (encumbrances) on an asset and the responsibility of one party to compensate the other for losses arising from such issues. In practice, this clause typically requires the seller or provider to confirm that the asset being transferred is free from liens, claims, or other encumbrances, and to indemnify the buyer if any such issues arise after the transaction. Its core function is to protect the buyer from unforeseen legal or financial liabilities related to the asset, ensuring a clear and unencumbered transfer while allocating risk to the party best positioned to manage it.
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ENCUMBRANCES; INDEMNIFICATION. All products supplied must be free from claims of others with respect to royalties, patent rights and mechanics' liens, or other encumbrances or charges. ▇▇▇▇▇▇ agrees to indemnify and hold harmless the Buyer against all claims demands, costs, and actions for actual or alleged infringements or misappropriations of patent, copyright, trademark, trade secret, or other intellectual property rights in the use, sale, or resale of said products.