Indemnification by Licensor. Licensor shall indemnify Licensee and hold Licensee harmless from any damages and liabilities (including reasonable attorneys' fees and costs), arising from any breach of Licensor's warranties as defined in Licensor's Warranties, above, provided: (a) such claim, if sustained, would prevent Licensee from marketing the Licensed Products or the Property; (b) such claim arises solely out of the Property as disclosed to the Licensee, and not out of any change in the Property made by Licensee or a vendor, or by reason of an off-the-shelf component or by reason of any claim for trademark infringement; (c) Licensee gives Licensor prompt written notice of any such claim; (d) such indemnity shall only be applicable in the event of a final decision by a court of competent jurisdiction from which no right to appeal exists; and (e) that the maximum amount due from Licensor to Licensee under this paragraph shall not exceed the amounts due to Licensor under the Payment Section from the date that Licensor notifies Licensee of the existence of such a claim. The maximum amount due from Licensor to Licensee under this paragraph shall not exceed fifty percent (50%) of the Royalty amounts due to Licensor under Sections 11 and 13 above from the date that Licensor notifies Licensee of the existence of such a claim. After the commencement of a lawsuit against Licensee that comes within the scope of this paragraph, Licensee may place fifty percent (50%) of the said Royalties thereafter due to Licensor under Sections 11 and 13 above in a separate interest bearing fund hereinafter referred to as the "Legal Fund." Licensee may draw against such Legal Fund to satisfy all of the reasonable expenses of defending the suit and of any judgment or settlement made in regard to this suit. In the event the Legal Fund shall be insufficient to pay the then current defense obligations, Licensee may advance monies on behalf of the Legal Fund and shall be reimbursed as payments are credited to the Legal Fund. Licensor's liability to Licensee shall not extend beyond the loss of its royalty deposit in the Legal Fund. After the suit has been concluded any balance remaining in the Legal Fund shall be paid to Licensor and all future Royalties due to Licensor shall be paid to Licensor as they would otherwise, become due. Licensee shall not permit the time for appeal from an adverse decision on a claim to expire.
Appears in 2 contracts
Samples: Sublicense Agreement (American Water Star Inc), Sublicense Agreement (American Water Star Inc)
Indemnification by Licensor. Licensor shall indemnify Licensee LICENSOR will indemnify, defend, and hold Licensee LICENSEE harmless from and against any damages and liabilities all losses, liabilities, claims, causes of action, damages, costs and expenses (including reasonable attorneys' ’ fees and costs), arising from any breach of Licensor's warranties expenses) incurred by LICENSEE as defined in Licensor's Warranties, above, provided: (a) such claim, if sustained, would prevent Licensee from marketing the Licensed Products or the Property; (b) such claim arises solely out of the Property as disclosed to the Licensee, and not out of any change in the Property made by Licensee or a vendor, or by reason of an off-the-shelf component or by reason result of any claim for trademark infringement; (c) Licensee gives Licensor prompt written notice by any person, firm or entity that LICENSEE’S use of the Trademarks in accordance with this Agreement infringes upon any rights granted to such person, firm or entity by LICENSOR, or infringes upon the rights of any such claim; (d) such other person, firm or entity whether or not granted by LICENSOR, and claims of infringement of intellectual property rights, including copyrights, trademarks, trade dress, trade names and/or patent claims. If any action or proceeding is brought or asserted against LICENSEE in respect of which indemnity shall only may be applicable in the event of a final decision by a court of competent jurisdiction sought from which no right to appeal exists; and (e) that the maximum amount due from Licensor to Licensee LICENSOR under this paragraph 19(C), LICENSEE will promptly notify LICENSOR (hereof in writing, and LICENSOR will assume and direct the defense thereof and LICENSOR shall have the exclusive right to direct the defense thereof through counsel selected and paid for by LICENSOR. LICENSEE may thereafter, at its own expense, be represented by its own counsel in such action or proceeding. LICENSEE may not exceed settle or compromise any such claim or action without the prior written approval of LICENSOR. In either case, LICENSOR and LICENSEE will keep each other fully advised of all developments and shall cooperate fully with each other and in all respects in connection with any such defense. The provisions of this paragraph and LICENSOR’S obligations hereunder will survive any termination or rescission of this Agreement or its expiration, If LICENSOR does not provide the indemnification or defense provided for in this paragraph 19(C), LICENSEE may do so and deduct the cost thereof from any Minimum Annual Royalty or other amounts due to Licensor under the Payment Section from the date that Licensor notifies Licensee of the existence of such a claim. The maximum amount due from Licensor to Licensee LICENSOR under this paragraph shall not exceed fifty percent (50%) of the Royalty amounts due to Licensor under Sections 11 and 13 above from the date that Licensor notifies Licensee of the existence of such a claim. After the commencement of a lawsuit against Licensee that comes within the scope of this paragraph, Licensee may place fifty percent (50%) of the said Royalties thereafter due to Licensor under Sections 11 and 13 above in a separate interest bearing fund hereinafter referred to as the "Legal FundAgreement." Licensee may draw against such Legal Fund to satisfy all of the reasonable expenses of defending the suit and of any judgment or settlement made in regard to this suit. In the event the Legal Fund shall be insufficient to pay the then current defense obligations, Licensee may advance monies on behalf of the Legal Fund and shall be reimbursed as payments are credited to the Legal Fund. Licensor's liability to Licensee shall not extend beyond the loss of its royalty deposit in the Legal Fund. After the suit has been concluded any balance remaining in the Legal Fund shall be paid to Licensor and all future Royalties due to Licensor shall be paid to Licensor as they would otherwise, become due. Licensee shall not permit the time for appeal from an adverse decision on a claim to expire.
Appears in 2 contracts
Samples: License Agreement (Ads in Motion, Inc.), License Agreement (Ads in Motion, Inc.)
Indemnification by Licensor. Licensor agrees to indemnify, hold harmless and defend Licensee and Licensee Representatives (collectively, the “Licensee Indemnified Parties”) from, against and with respect to any Claim arising out of the breach of any representation, warranty or covenant of Licensor under this Agreement, and for any Claims that the Licensor Rights or Licensee’s use of the Licensor Rights infringe or violate any patents, copyrights, trademarks or trade secrets or other intellectual property rights of any Person. In the event of any such Claim, Licensor shall indemnify defend the Licensee Indemnified Party or Parties in question at Licensor’s sole expense by counsel selected by Licensor, subject to reasonable approval by Licensee, which approval is not to be unreasonably withheld or delayed. In addition, Licensee Indemnified Parties shall have the right to hire counsel, at their sole expense, who shall cooperate with Licensor’s counsel in the defense of any Claim indemnified under this Section 11.2; provided that if Licensee reasonably determines there are Claims or defenses available to Licensee Indemnified Parties which are not otherwise available to Licensor or if a conflict of interest exists between Licensor and hold Licensee harmless from Indemnified Parties, or if Licensor fails to diligently prosecute any such Claim with competent counsel, then Licensee Indemnified Parties shall be entitled to separate representation by counsel of their choosing, and the cost thereof shall be borne by Licensor. The settlement of any Claim which is the subject of the foregoing indemnification and which involves more than the payment by Licensor of monetary damages shall require Licensee’s prior approval; provided that if Licensee does not approve any such settlement and, after Licensor’s reasonable diligence in defending such Claim, the amount of the final judgment or award exceeds the amount of the settlement proposed by Licensor and liabilities disapproved by Licensee, then Licensee shall be responsible to pay any such excess amount, plus Licensor’s reasonable costs and expenses of litigation (including reasonable attorneys' fees and costs’ fees), arising from any breach of Licensor's warranties as defined in Licensor's Warranties, above, provided: (a) such claim, if sustained, would prevent Licensee from marketing the Licensed Products or the Property; (b) such claim arises solely out of the Property as disclosed to the Licensee, and not out of any change in the Property made by Licensee or a vendor, or by reason of an off-the-shelf component or by reason of any claim for trademark infringement; (c) Licensee gives Licensor prompt written notice of any such claim; (d) such indemnity shall only be applicable in the event of a final decision by a court of competent jurisdiction from which no right to appeal exists; and (e) that the maximum amount due from Licensor to Licensee under this paragraph shall not exceed the amounts due to Licensor under the Payment Section from the date that Licensor notifies Licensee of the existence of such a claim. The maximum amount due from Licensor to Licensee under this paragraph shall not exceed fifty percent (50%) of the Royalty amounts due to Licensor under Sections 11 and 13 above from the date that Licensor notifies Licensee of the existence of such a claim. After the commencement of a lawsuit against Licensee that comes within the scope of this paragraph, Licensee may place fifty percent (50%) of the said Royalties thereafter due to Licensor under Sections 11 and 13 above in a separate interest bearing fund hereinafter referred to as the "Legal Fund." Licensee may draw against such Legal Fund to satisfy all of the reasonable expenses of defending the suit and of any judgment or settlement made in regard to this suit. In the event the Legal Fund shall be insufficient to pay the then current defense obligations, Licensee may advance monies on behalf of the Legal Fund and shall be reimbursed as payments are credited to the Legal Fund. Licensor's liability to Licensee shall not extend beyond the loss of its royalty deposit in the Legal Fund. After the suit has been concluded any balance remaining in the Legal Fund shall be paid to Licensor and all future Royalties due to Licensor shall be paid to Licensor as they would otherwise, become due. Licensee shall not permit the time for appeal from an adverse decision on a claim to expire.
Appears in 2 contracts
Samples: Non Exclusive License Agreement (VIASPACE Inc.), License Agreement (VIASPACE Inc.)
Indemnification by Licensor. 9.2.1. Licensor shall indemnify Licensee will indemnify, defend and hold harmless Licensee, its Affiliates and their respective directors, officers, employees, consultants, Licensor and agents, and their respective successors, and assigns (each a “Licensee harmless from any damages and liabilities Indemnitee”), against all third party suits, actions, claims, proceedings, liabilities, demands, damages, losses, or expenses (including legal expenses, investigative expenses, and reasonable attorneys' fees ’ fees) resulting from, arising out of, or otherwise attributable to Licensor’s (a) negligence or misconduct in connection with this Agreement (and costsfor clarity, not with respect to the provision of services contemplated under Section 3.1 which shall be governed by the terms of a separate services agreement between Licensor and the applicable Sublicensee), or (b) failure to materially comply with Applicable Laws or the terms of this Agreement, including any material breach of Licensee’s express representations and warranties set forth in this Agreement, except to the extent resulting from, arising from out of, or otherwise attributable to Licensee’s failure to comply with Applicable Laws or the terms of this Agreement, including any breach of Licensor's warranties as defined any express representation, warranty or covenant set forth in Licensor's Warrantiesthis Agreement, aboveor any act of gross negligence or intentional misconduct by a Licensee Indemnitee.
9.2.2. Licensee will promptly give notice to Licensor of any suits, provided: (a) such claimactions, if sustainedclaims, would prevent Licensee from marketing proceedings, liabilities, demands, damages, losses, or expenses which might be covered by this Section 9.2 and Licensor will have the Licensed Products or right to defend the Property; (b) such claim arises solely out same, including selection of counsel and control of the Property as disclosed proceedings; provided that Licensor will not, without the written consent of Licensee, settle or consent to the Licensee, and not out of any change in the Property made by Licensee or a vendor, or by reason of an off-the-shelf component or by reason of any claim for trademark infringement; (c) Licensee gives Licensor prompt written notice of any such claim; (d) such indemnity shall only be applicable in the event of a final decision by a court of competent jurisdiction from which no right to appeal exists; and (e) that the maximum amount due from Licensor to Licensee under this paragraph shall not exceed the amounts due to Licensor under the Payment Section from the date that Licensor notifies Licensee of the existence of such a claim. The maximum amount due from Licensor to Licensee under this paragraph shall not exceed fifty percent (50%) of the Royalty amounts due to Licensor under Sections 11 and 13 above from the date that Licensor notifies Licensee of the existence of such a claim. After the commencement of a lawsuit against Licensee that comes within the scope of this paragraph, Licensee may place fifty percent (50%) of the said Royalties thereafter due to Licensor under Sections 11 and 13 above in a separate interest bearing fund hereinafter referred to as the "Legal Fund." Licensee may draw against such Legal Fund to satisfy all of the reasonable expenses of defending the suit and entry of any judgment with respect to any such third party claim (x) that does not release the Licensee Indemnitee(s) from all liability with respect to such third party claim or settlement made in regard (y) which may materially adversely affect Licensee or the Licensee Indemnitee or under which Licensee or the Licensee Indemnitee would incur any obligation or liability, other than one as to this suitwhich Licensor has an indemnity obligation hereunder. In Licensee agrees to fully cooperate and aid such defense. Licensee at all times reserves the event the Legal Fund shall be insufficient right to pay the then current defense obligations, Licensee may advance monies on behalf of the Legal Fund select and shall be reimbursed as payments are credited to the Legal Fund. Licensor's liability to Licensee shall not extend beyond the loss retain counsel of its royalty deposit in the Legal Fund. After the suit has been concluded any balance remaining in the Legal Fund shall be paid own at its own expense to Licensor and all future Royalties due to Licensor shall be paid to Licensor as they would otherwise, become due. Licensee shall not permit the time for appeal from an adverse decision on a claim to expiredefend Licensee’s interests.
Appears in 1 contract
Samples: Exclusive License Agreement (Eterna Therapeutics Inc.)
Indemnification by Licensor. Licensor shall indemnify indemnify, defend, and hold harmless Licensee, and each Affiliate of Licensee and hold Licensee harmless from each of their respective parties against any and all liabilities, damages and liabilities expense (including reasonable attorneys' fees fees, costs and costs)expenses) which Licensee may incur or be obligated to pay in any action or claim against Licensee for infringement of any other person's claimed right to use a trademark in the Territory, arising including such infringements as may be contained in advertising placed by Licensor, but only where such action or claim results from any breach of LicensorLicensee's warranties as defined in Licensor's Warranties, above, provided: (a) such claim, if sustained, would prevent Licensee from marketing the Licensed Products or the Property; (b) such claim arises solely out use of the Property as disclosed to the Licensee, and not out of any change Trademarks in the Property made by Territory in accordance with the terms of this Agreement. Licensee or a vendor, or by reason of an off-the-shelf component or by reason of any claim for trademark infringement; (c) Licensee gives shall give Licensor prompt written notice of any such claim; (d) such indemnity claim or action, and thereupon Licensor shall only be applicable undertake and conduct the defense of any suit so brought. It is understood, however, that if there is a dispute between Licensor and Licensee as to whether the suit was brought as a result of Licensee's failure to use the Trademarks in the event of a final decision by a court of competent jurisdiction from which no right to appeal exists; and (e) that the maximum amount due from Licensor to Licensee under accordance with this paragraph shall not exceed the amounts due to Licensor under the Payment Section from the date that Licensor notifies Licensee of the existence of such a claim. The maximum amount due from Licensor to Licensee under this paragraph shall not exceed fifty percent (50%) of the Royalty amounts due to Licensor under Sections 11 and 13 above from the date that Licensor notifies Licensee of the existence of such a claim. After the commencement of a lawsuit against Licensee that comes within the scope of this paragraphAgreement, Licensee may place fifty percent (50%) be required to conduct such defense unless and until it is determined that no such misuse of the said Royalties thereafter due to Licensor under Sections 11 and 13 above in a separate interest bearing fund hereinafter referred to as the "Legal Fund." Licensee may draw against such Legal Fund to satisfy all of the reasonable expenses of defending the suit and of any judgment or settlement made in regard to this suitTrademarks occurred. In the event the Legal Fund shall be insufficient to pay the then current defense obligationsappropriate action is not taken by Licensor within thirty (30) days after its receipt of notice from Licensee, Licensee shall have the right to defend such claim or action in its own name, but no settlement or compromise of any such claim or action may advance monies on behalf be made without the prior written approval of Licensor. In either case, Licensor and Licensee shall keep each other fully advised of all developments and shall cooperate fully with each other and in all respects in connection with any such defense. Such indemnification will be deemed to apply solely to the amount of the Legal Fund judgment, if any, against Licensee, and shall be reimbursed as payments sums paid by Licensee in connection with its defense, and will not apply to any consequential damages suffered by Licensee that are credited to the Legal Fund. Licensor's liability to Licensee shall not extend beyond the loss of its royalty deposit included in the Legal Fundaforementioned judgment. After the suit has been concluded Such indemnification will not apply to any balance remaining in the Legal Fund shall be paid to Licensor and all future Royalties due to Licensor shall be paid to Licensor as they would otherwise, become due. damages sustained by Licensee shall not permit the time for appeal from an adverse decision on a claim to expireby reason of claimed infringement other than those specified above.
Appears in 1 contract
Samples: License Agreement (Movado Group Inc)
Indemnification by Licensor. Licensor shall indemnify indemnify, defend, and hold harmless Licensee, and each Affiliate of Licensee and hold Licensee harmless from each of their respective parties against any and all liabilities, damages and liabilities expense (including reasonable attorneys' fees fees, costs and costs)expenses) which Licensee may incur or be obligated to pay in any action or claim against Licensee for infringement of any other person's claimed right to use a trademark in the Territory, arising including such infringements as may be contained in advertising placed by Licensor, but only where such action or claim results from any breach of LicensorLicensee's warranties as defined in Licensor's Warranties, above, provided: (a) such claim, if sustained, would prevent Licensee from marketing the Licensed Products or the Property; (b) such claim arises solely out use of the Property as disclosed to the Licensee, and not out of any change Trademarks in the Property made by Territory in accordance with the terms of this Agreement. Licensee or a vendor, or by reason of an off-the-shelf component or by reason of any claim for trademark infringement; (c) Licensee gives shall give Licensor prompt written notice of any such claim; (d) such indemnity claim or action, and thereupon Licensor shall only be applicable undertake and conduct the defense of any suit so brought. It is understood, however, that if there is a dispute between Licensor and Licensee as to whether the suit was brought as a result of Licensee's failure to use the Trademarks in the event of a final decision by a court of competent jurisdiction from which no right to appeal exists; and (e) that the maximum amount due from Licensor to Licensee under accordance with this paragraph shall not exceed the amounts due to Licensor under the Payment Section from the date that Licensor notifies Licensee of the existence of such a claim. The maximum amount due from Licensor to Licensee under this paragraph shall not exceed fifty percent (50%) of the Royalty amounts due to Licensor under Sections 11 and 13 above from the date that Licensor notifies Licensee of the existence of such a claim. After the commencement of a lawsuit against Licensee that comes within the scope of this paragraphAgreement, Licensee may place fifty percent (50%) be required to conduct such defense unless and until it is determined that no such misuse of the said Royalties thereafter due to Licensor under Sections 11 and 13 above in a separate interest bearing fund hereinafter referred to as the "Legal Fund." Licensee may draw against such Legal Fund to satisfy all of the reasonable expenses of defending the suit and of any judgment or settlement made in regard to this suitTrademarks occurred. In the event the Legal Fund shall be insufficient to pay the then current defense obligationsappropriate action is not taken by Licensor within thirty (30) days after its receipt of notice from Licensee, Licensee shall have the right to defend such claim or action in its own name, but no settlement or compromise of any such claim or action may advance monies on behalf be made without the prior written approval of Licensor. In either case, Licensor and Licensee shall keep each other fully advised of all developments and shall cooperate fully with each other and in all respects in connection with any such defense. Such indemnification will be deemed to apply solely to the amount of the Legal Fund judgment, if any, against Licensee, and shall be reimbursed as payments sums paid by Licensee in connection with its defense, and will not apply to any consequential damages suffered by Licensee that are credited to the Legal Fund. Licensor's liability to Licensee shall not extend beyond the loss of its royalty deposit included in the Legal Fundaforementioned judgment. After the suit has been concluded Such indemnification will not apply to any balance remaining in the Legal Fund shall be paid to Licensor and all future Royalties due to Licensor shall be paid to Licensor as they would otherwise, become duedamages sustained by Licensee by reason of claimed infringement other than those specified above. Licensee shall not permit the time for appeal from an adverse decision on a claim to expire.18.4
Appears in 1 contract
Samples: License Agreement
Indemnification by Licensor. Licensor shall shall, at its option and expense, defend or settle any claim, proceeding, or suit (“Claim”) brought by third parties against Licensee, its successors or assigns (collectively, the “Licensee Indemnitees”), arising from due to any material breach of the representations and warranties made by the Licensor (“Licensee Claim”) or material breach of any material provisions of this Agreement, if (a) the Licensee has full and complete control over the defense and settlement of the Licensee Claim; (b) the Licensee Indemnitees provide assistance, at Licensor’s expense, in connection with the defense and settlement of the Licensee Claim as Licensor may reasonably request; and (c) the Licensee Indemnitees complies with any settlement or court order made in connection with the Licensee Claim. Licensor will also indemnify each Licensee Indemnitee against and hold pay (i) all damages, costs, and attorneys’ fees finally awarded against any Licensee harmless from Indemnitee in any damages and liabilities Licensee Claim; (ii) all reasonable costs (including reasonable attorneys' ’ fees) reasonably incurred by any Licensee Indemnitee in connection with the defense of such Licensee Claim, including assistance provided to Licensor in accordance with this Section 7.2 (other than attorneys’ fees and costscosts incurred without Licensor’s consent after Licensor has accepted defense of such Claim); and, arising from (iii) if any breach of Licensor's warranties as defined Licensee Claim is settled, all amounts to be paid to any third party in Licensor's Warranties, above, provided: (a) such claim, if sustained, would prevent Licensee from marketing the Licensed Products or the Property; (b) such claim arises solely out of the Property as disclosed to the Licensee, and not out of any change in the Property made by Licensee or a vendor, or by reason of an off-the-shelf component or by reason of any claim for trademark infringement; (c) Licensee gives Licensor prompt written notice settlement of any such claimClaim; provided that Licensor shall not settle any claim giving rise to an obligation of indemnity under this Section 7.2 without the consent of the affected Licensee Indemnitees unless such settlement involves no more than the payment of money by Licensor, but in no event shall such consent be unreasonably withheld or delayed unless the same would reasonably be expected to have a material adverse effect on Licensee or the nature, scope or any other aspect of the License or the Patent Rights within the Field of Use, Notwithstanding the foregoing, Licensor will not be responsible for any Licensee Claim to the extent such Licensee Claim is attributable to (d1) such indemnity shall only the breach or failure to be applicable true of any Licensee representation or warranty contained in this Agreement, or (2) the event settlement of a final decision Licensee Claim by a court any Licensee Indemnitee without the prior written approval of competent jurisdiction from Licensor, the approval of which no right to appeal exists; and will not be unreasonably withheld, or (e3) that the maximum amount due from Licensor to gross negligence or any intentional misconduct on by part of Licensee under this paragraph shall not exceed the amounts due to Licensor under the Payment Section from the date that Licensor notifies or Licensee of the existence of such a claim. The maximum amount due from Licensor to Licensee under this paragraph shall not exceed fifty percent (50%) of the Royalty amounts due to Licensor under Sections 11 and 13 above from the date that Licensor notifies Licensee of the existence of such a claim. After the commencement of a lawsuit against Licensee that comes within the scope of this paragraph, Licensee may place fifty percent (50%) of the said Royalties thereafter due to Licensor under Sections 11 and 13 above in a separate interest bearing fund hereinafter referred to as the "Legal FundIndemnitees." Licensee may draw against such Legal Fund to satisfy all of the reasonable expenses of defending the suit and of any judgment or settlement made in regard to this suit. In the event the Legal Fund shall be insufficient to pay the then current defense obligations, Licensee may advance monies on behalf of the Legal Fund and shall be reimbursed as payments are credited to the Legal Fund. Licensor's liability to Licensee shall not extend beyond the loss of its royalty deposit in the Legal Fund. After the suit has been concluded any balance remaining in the Legal Fund shall be paid to Licensor and all future Royalties due to Licensor shall be paid to Licensor as they would otherwise, become due. Licensee shall not permit the time for appeal from an adverse decision on a claim to expire.
Appears in 1 contract
Indemnification by Licensor. Licensor shall indemnify Licensee and hold Licensee harmless from any damages and liabilities (including reasonable attorneys' fees and costs), arising from any breach of Licensor's warranties as defined in Licensor's Warranties, above, provided: (a) such claimLicensor agrees to defend any claims or suits brought against Licensee and, if sustained, would prevent Licensee from marketing the Licensed Products or the Property; (b) such claim arises solely out of the Property as disclosed subject to the Licenseelimitations set forth in Section 6.1, will indemnify and hold it harmless against any award of damages and costs made against it by settlement or a final judgment of a court of competent jurisdiction in any suit insofar as, and not out of only to the extent that, the same is based on a claim by any change in the Property made by Person (other than Licensee or a vendorLicensee Affiliate) that the Licensed Property infringes any United States patent, copyright or by reason of an off-the-shelf component trademark or by reason of misappropriates any claim for trademark infringement; trade secret (c) a “Licensee gives Claim”). Licensee shall give Licensor prompt written notice of any Licensee Claim.
(b) Licensor shall have sole control over the defense of any Licensee Claim, including appeals, negotiations and the right to effect a settlement or compromise thereof, provided that (i) Licensor may not partially settle any Licensee Claim without the written consent of Licensee, unless such settlement releases Licensee fully from such claim; , (dii) Licensor shall promptly provide Licensee with copies of all pleadings or similar document relating to any Licensee Claim, (iii) Licensor shall consult with Licensee with respect to the defense and settlement of any Licensee Claim, and (iv) in any litigation to which Licensee is a party, Licensee shall be entitled to be separately represented at its own expense by counsel of its own selection.
(c) Licensor shall have no liability for any Licensee Claim or any other claim of intellectual property infringement or trade secret misappropriation to the extent (i) such indemnity shall only be applicable infringement is based upon adherence to specifications, designs or instructions furnished by Licensee, (ii) such claim is based upon the combination, operation or use of any Licensed Property with products or content owned by any Person other than Licensor, including without limitation Licensee Developments, (iii) such claim is based upon the combination of any Licensed Property or modification of any products or content supplied by any Person other than Licensor, (iv) such claim is based upon use of Licensed Property in a manner which is inconsistent with the event terms of this Agreement if such infringement would not have occurred except for such use, or (v) such claim is based upon use of a final decision version of the Licensed Property other than the latest version of the Licensed Property, which has been delivered by a court of competent jurisdiction from which no right to appeal exists; and (e) that the maximum amount due from Licensor to Licensee under this paragraph shall not exceed Licensee, to the amounts due to Licensor under the Payment Section from the date that Licensor notifies Licensee of the existence of extent such a claim. The maximum amount due from Licensor to Licensee under this paragraph shall not exceed fifty percent (50%) of the Royalty amounts due to Licensor under Sections 11 and 13 above from the date that Licensor notifies Licensee of the existence of such a claim. After the commencement of a lawsuit against Licensee that comes within the scope of this paragraph, Licensee may place fifty percent (50%) of the said Royalties thereafter due to Licensor under Sections 11 and 13 above in a separate interest bearing fund hereinafter referred to as the "Legal Fund." Licensee may draw against such Legal Fund to satisfy latest version provides substantially all of the reasonable expenses of defending same functional, performance and operational features as the suit prior version, and of any judgment or settlement made in regard to this suit. In the event the Legal Fund shall be insufficient to pay the then current defense obligations, Licensee may advance monies on behalf extent such claim could have been avoided by use of the Legal Fund and shall be reimbursed as payments are credited to the Legal Fund. Licensor's liability to Licensee shall not extend beyond the loss of its royalty deposit in the Legal Fund. After the suit has been concluded any balance remaining in the Legal Fund shall be paid to Licensor and all future Royalties due to Licensor shall be paid to Licensor as they would otherwise, become due. Licensee shall not permit the time for appeal from an adverse decision on a claim to expirelatest version.
Appears in 1 contract
Samples: License Agreement (LendingClub Corp)
Indemnification by Licensor. 9.2.1. Licensor shall indemnify Licensee will indemnify, defend and hold harmless Licensee, its Affiliates and their respective directors, officers, employees, consultants, Licensor and agents, and their respective successors, and assigns (each a “Licensee harmless from any damages and liabilities Indemnitee”), against all third party suits, actions, claims, proceedings, liabilities, demands, damages, losses, or expenses (including legal expenses, investigative expenses, and reasonable attorneys' fees and costs)’ fees) resulting from, arising from out of, or otherwise attributable to Licensor’s (a) negligence or misconduct, or (b) failure to comply with Applicable Laws or the terms of this Agreement, including any breach of Licensor's Licensee’s express representations and warranties as defined set forth in Licensor's Warrantiesthis Agreement, aboveexcept to the extent resulting from, provided: (a) such claimarising out of, if sustained, would prevent Licensee from marketing the Licensed Products or otherwise attributable to Licensee’s failure to comply with Applicable Laws or the Property; (b) such claim arises solely out terms of this Agreement, including any breach of any express representation, warranty or covenant set forth in this Agreement, or any act of gross negligence or intentional misconduct by a Licensee Indemnitee.
9.2.2. Licensee will promptly give notice to Licensor of any suits, actions, claims, proceedings, liabilities, demands, damages, losses, or expenses which might be covered by this Section 9.2 and Licensor will have the right to defend the same, including selection of counsel and control of the Property as disclosed proceedings; provided that Licensor will not, without the written consent of Licensee, settle or consent to the Licensee, and not out of any change in the Property made by Licensee or a vendor, or by reason of an off-the-shelf component or by reason of any claim for trademark infringement; (c) Licensee gives Licensor prompt written notice of any such claim; (d) such indemnity shall only be applicable in the event of a final decision by a court of competent jurisdiction from which no right to appeal exists; and (e) that the maximum amount due from Licensor to Licensee under this paragraph shall not exceed the amounts due to Licensor under the Payment Section from the date that Licensor notifies Licensee of the existence of such a claim. The maximum amount due from Licensor to Licensee under this paragraph shall not exceed fifty percent (50%) of the Royalty amounts due to Licensor under Sections 11 and 13 above from the date that Licensor notifies Licensee of the existence of such a claim. After the commencement of a lawsuit against Licensee that comes within the scope of this paragraph, Licensee may place fifty percent (50%) of the said Royalties thereafter due to Licensor under Sections 11 and 13 above in a separate interest bearing fund hereinafter referred to as the "Legal Fund." Licensee may draw against such Legal Fund to satisfy all of the reasonable expenses of defending the suit and entry of any judgment with respect to any such third party claim (x) that does not release the Licensee Indemnitee(s) from all liability with respect to such third party claim or settlement made in regard (y) which may materially adversely affect Licensee or the Licensee Indemnitee or under which Licensee or the Licensee Indemnitee would incur any obligation or liability, other than one as to this suitwhich Licensor has an indemnity obligation hereunder. In Licensee agrees to fully cooperate and aid such defense. Licensee at all times reserves the event the Legal Fund shall be insufficient right to pay the then current defense obligations, Licensee may advance monies on behalf of the Legal Fund select and shall be reimbursed as payments are credited to the Legal Fund. Licensor's liability to Licensee shall not extend beyond the loss retain counsel of its royalty deposit in the Legal Fund. After the suit has been concluded any balance remaining in the Legal Fund shall be paid own at its own expense to Licensor and all future Royalties due to Licensor shall be paid to Licensor as they would otherwise, become due. Licensee shall not permit the time for appeal from an adverse decision on a claim to expiredefend Licensee’s interests.
Appears in 1 contract
Samples: Exclusive License Agreement (Eterna Therapeutics Inc.)
Indemnification by Licensor. Licensor shall indemnify Licensee LICENSOR hereby agrees to defend, indemnify, and hold Licensee LICENSEE and its affiliates and their respective shareholders, members, directors, officers, managers, employees, attorneys and agents (collectively referred to as “LICENSEE” for purposes of this section) harmless from and against any damages claims, suits, losses, damages, demands, injuries and liabilities (expenses, including without limitation reasonable attorneys' fees and costs)’ fees, arising from based on (i) any breach of Licensor's warranties as defined this Agreement by LICENSOR or any of its servants, agents, contractors or employees, (ii) any negligent acts, whether by omission or commission, that may be committed by LICENSOR or any of its servants, agents, contractors or employees; and (iii) allegations that the use of the LICENSED XXXX by LICENSEE in Licensor's Warrantiesaccordance with this Agreement infringes or otherwise violates the rights of any third party in the TERRITORY; provided, abovehowever, provided: (a) such claim, if sustained, would prevent Licensee from marketing that the Licensed Products or the Property; (b) such claim arises solely foregoing indemnity shall not include allegations arising out of LICENSEE’s use of the Property as disclosed LICENSED XXXX in any jurisdiction outside of the United States where LICENSOR does not have any registration in force with respect to the LicenseeLICENSED PRODUCTS, and not out provided that LICENSOR has no actual knowledge of any change in the Property made by Licensee or a vendor, or by reason of an off-the-shelf component or by reason infringement of any claim for trademark infringement; (c) Licensee gives Licensor third party rights. LICENSEE shall give LICENSOR prompt written notice of any such claim; (d) claims or suits and LICENSOR shall defend the same, at its own expense, through counsel of its choice subject to LICENSEE’s approval, which shall not be unreasonably withheld. LICENSEE shall comply with any settlement or court order arising from any such indemnity claim or suit, including any settlement or order that requires a change to LICENSEE’s use of the LICENSED XXXX. LICENSEE shall only be applicable in have the event of a final decision by a court of competent jurisdiction from which no right to appeal exists; and (e) retain its own counsel at its own expense but shall not have the right to settle any such action. LICENSOR shall have the right to terminate LICENSEE’s right to use the LICENSED XXXX in any portion of the TERRITORY without further liability to LICENSEE if LICENSOR determines, in its sole discretion, that it cannot prevail over any such claim or suit despite exercising commercially reasonable efforts to do so. Notwithstanding the maximum foregoing, in no event will the foregoing indemnification provided by LICENSOR for all claims or suits exceed the amount due from Licensor to Licensee of the royalties paid by LICENSEE under this paragraph shall not exceed the amounts due to Licensor under the Payment Section from the date that Licensor notifies Licensee of the existence of such a claimAgreement. The maximum amount due from Licensor to Licensee under indemnity provided for in this paragraph Section shall not exceed fifty percent (50%) of survive the Royalty amounts due to Licensor under Sections 11 and 13 above from the date that Licensor notifies Licensee of the existence of such a claim. After the commencement of a lawsuit against Licensee that comes within the scope expiration or termination of this paragraph, Licensee may place fifty percent (50%) of the said Royalties thereafter due to Licensor under Sections 11 and 13 above in a separate interest bearing fund hereinafter referred to as the "Legal FundAgreement." Licensee may draw against such Legal Fund to satisfy all of the reasonable expenses of defending the suit and of any judgment or settlement made in regard to this suit. In the event the Legal Fund shall be insufficient to pay the then current defense obligations, Licensee may advance monies on behalf of the Legal Fund and shall be reimbursed as payments are credited to the Legal Fund. Licensor's liability to Licensee shall not extend beyond the loss of its royalty deposit in the Legal Fund. After the suit has been concluded any balance remaining in the Legal Fund shall be paid to Licensor and all future Royalties due to Licensor shall be paid to Licensor as they would otherwise, become due. Licensee shall not permit the time for appeal from an adverse decision on a claim to expire.
Appears in 1 contract
Indemnification by Licensor. Licensor shall indemnify Licensee represents and hold Licensee harmless from any damages and liabilities (including reasonable attorneys' fees and costs), arising from any breach of Licensor's warranties as defined in Licensor's Warranties, above, providedwarrants that: (ai) such claim, if sustained, would prevent Licensee from marketing it is the Licensed Products or owner of the PropertyTrademarks; (bii) such claim arises solely out of the Property as disclosed it has all necessary rights to the Licensee, and not out of any change Images for the purposes set forth in this Agreement; (iii) the Trademarks are valid in the Property made by Licensee or a vendor, or by reason of an off-the-shelf component or by reason of any claim for trademark infringement; (c) Licensee gives Licensor prompt written notice of any such claim; (d) such indemnity shall only be applicable in the event of a final decision by a court of competent jurisdiction from which no right to appeal existsTerritory; and (eiv) the Trademarks are, to the best of Licensor’s knowledge, free from any claim by any third party that would unreasonably interfere with the maximum amount due from Licensor rights granted to Licensee under this paragraph Agreement. Licensor shall not exceed indemnify, defend and hold harmless Licensee, its subsidiaries and affiliates, their respective shareholders and the amounts due agents, officers, directors and employees of each against and from all claims or suits (provided prompt notice of each such claim or suit which comes to the attention of Licensee is given to Licensor under by Licensee) arising solely and directly out of the Payment Section authorized use of the Playboy Properties on or in connection with the Products by Licensee in the Territory, but in no event shall such indemnification include incidental or consequential damages, including, but not limited to compensation or reimbursement for loss of prospective profits, anticipated sales or other losses occasioned by termination of this Agreement or any other reason(s). Licensor shall have the option to settle or to undertake and conduct the defense of any such claim or suit, but Licensee shall, upon receipt of notice from Licensor and pursuant to Licensor’s instructions, handle, undertake and conduct the date defense of any such claim or suit at Licensor’s expense. If Licensor does not provide such notice to Licensee, Licensee may, through counsel of Licensee’s own choice and at its own expense, participate in any such claim or suit, but in such event Licensor shall have sole and exclusive control over such defense, and Licensor’s decisions with respect thereto shall govern and control. Licensee expressly covenants that Licensor notifies no discussions by Licensee whatsoever with claimant or litigant, no compromise or settlement by Licensee of the existence of such a claim. The maximum amount due from Licensor to Licensee under this paragraph shall not exceed fifty percent (50%) of the Royalty amounts due to Licensor under Sections 11 and 13 above from the date that Licensor notifies Licensee of the existence of such a claim. After the commencement of a lawsuit against Licensee that comes within the scope of this paragraph, Licensee may place fifty percent (50%) of the said Royalties thereafter due to Licensor under Sections 11 and 13 above in a separate interest bearing fund hereinafter referred to as the "Legal Fund." Licensee may draw against such Legal Fund to satisfy all of the reasonable expenses of defending the any claim or suit and of no negotiations by Licensee with respect to any judgment compromise or settlement made in regard to this suit. In the event the Legal Fund shall be insufficient to pay had, made or entered into without the then current defense obligations, Licensee may advance monies on behalf prior written approval of the Legal Fund and shall be reimbursed as payments are credited to the Legal Fund. Licensor's liability to Licensee shall not extend beyond the loss of its royalty deposit in the Legal Fund. After the suit has been concluded any balance remaining in the Legal Fund shall be paid to Licensor and all future Royalties due to Licensor shall be paid to Licensor as they would otherwise, become due. Licensee shall not permit the time for appeal from an adverse decision on a claim to expire.
Appears in 1 contract
Samples: Product and Trademark License Agreement (Playboy Enterprises Inc)