Common use of Exemption and Indemnification Clause in Contracts

Exemption and Indemnification. 3.1 The Parties acknowledge that the WFOE and/or the Designee shall not be required to take any responsibility in whatever nature or make any economic or other indemnification to any Party hereto as a result of exercise of the Entrusted Rights hereunder.

Exemption and Indemnification. 3.1 The Parties acknowledge that the WFOE and/or the Designee shall not be required to take any responsibility in whatever nature or make any economic or other indemnification to any Party hereto as a result of reasonable and lawful exercise of the Entrusted Rights hereunder.