Common use of Infringement of Intellectual Property Rights Clause in Contracts

Infringement of Intellectual Property Rights. The Party infringing the Intellectual Property Rights of the other Party (the “Infringing Party”) irrevocably and unconditionally agrees to indemnify the Party whose Intellectual Property Rights are infringed (the “Infringed Party”), in full and on demand and keep the Infringed Party indemnified against all claims, demands, actions, proceedings and all direct damages, losses, costs and expenses (including without limitation legal and other professional advisers' fees, economic loss, loss of profit, future revenue, reputation, goodwill, anticipated savings).