Common use of INSURANCE DETAILS Clause in Contracts

INSURANCE DETAILS. (a) The insurance policies specified in clause 13.1 must be held with a sound and reputable insurer. (b) The insurance policies must comply with all applicable laws. (c) The Licensee must produce evidence of the currency of the insurance policies within 14 days of receipt of a written request from the Licensor. (d) The Licensee undertakes at all times to comply with the terms of the insurance policies it is required to hold. (e) The Licensee must notify the Licensor immediately of any material change to, or non-renewal or cancellation of, any of the insurance policies it is required to hold. (f) The Licensee’s insurance obligations will survive the expiration or earlier termination of this Agreement. (g) Nothing in this clause 13 limits the other obligations and liabilities of the Licensee under this Agreement or at law.

Appears in 3 contracts

Samples: Licence Agreement, Licence Agreement (Non Exclusive Commercialisation), Licensing Agreement

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INSURANCE DETAILS. (a) The insurance policies specified in clause 13.1 must be held with a sound and reputable insurer. (b) The insurance policies must comply with all applicable laws. (c) The Licensee must produce evidence of the currency of the insurance policies within 14 days 10 Business Days of receipt of a written request from the Licensor. (d) The Licensee undertakes at all times to comply with the terms of the insurance policies it is required to hold. (e) The Licensee must notify the Licensor immediately of any material change to, or non-renewal or cancellation of, any of the insurance policies it is required to hold. (f) The Licensee’s insurance obligations will survive the expiration or earlier termination of this Agreement. (g) Nothing in this clause 13 limits the other obligations and liabilities of the Licensee under this Agreement or at law.

Appears in 1 contract

Samples: Licence Agreement (Exclusive Commercialisation)

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