Futurebiotics, LLC’s Indemnification Clause Samples
The "Futurebiotics, LLC’s Indemnification" clause establishes that Futurebiotics, LLC is responsible for protecting certain parties from losses, damages, or legal claims arising from specific actions or omissions related to the agreement. Typically, this means that if a third party sues or makes a claim due to Futurebiotics, LLC’s products, services, or conduct, the company must cover the associated costs, such as legal fees or settlements. This clause’s core function is to allocate risk by ensuring that Futurebiotics, LLC bears financial responsibility for particular liabilities, thereby protecting the other party from potential harm or expense.
Futurebiotics, LLC’s Indemnification. Futurebiotics, LLC shall indemnify, defend and hold harmless Colloral and its affiliates, shareholders, subsidiaries, directors, officers and employees and, with respect to matters covered by subclause (iv) below, Business Development Resources, Inc. and JASRA, Inc., from and against any and all Losses directly or indirectly arising out of, resulting from or in any way connected with (i) any material breach by Futurebiotics, LLC of the terms of this Agreement; (ii) any non-compliance with laws, ordinances, rules or regulations applicable to Futurebiotics, LLC’s obligations under this Agreement; (iii) any governmental, regulatory or other proceedings to the extent any such proceedings result from Futurebiotics, LLC’s acts or omissions in transporting, marketing, distributing, exporting, importing and selling the Products; (iv) any failure of the Product labels supplied by Futurebiotics, LLC or of Futurebiotics, LLC’s advertising of the Product to comply with applicable laws and regulations, (v) any adulteration of the Product after tender to the carrier for shipment, including, without limitation, as a result of inadequate or inappropriate shipping and/or storage, and (vi) any claim that any Improvement developed by Futurebiotics, LLC violates any patent, trademark, copyright, trade secret or other proprietary rights of any third party.