Common use of Liabilities and Warranties Clause in Contracts

Liabilities and Warranties. Each party shall be responsible for the acts and omissions of its employees and agents to the extent permitted by law. This Agreement contains no promise of indemnification, express or implied, between the parties. Neither party makes any express or implied warranties as to any matter, including the condition, originality or accuracy of the research or ownership, merchantability or fitness for a particular purpose of the research or any invention arising therefrom. Even if advised of the possibility of such damages, in no event shall either party be liable for personal injury or loss, work stoppage, lost data, or any other reliance or expectancy damages, direct or indirect, or for special or consequential damages of any kind.

Appears in 3 contracts

Samples: University of Minnesota, University of Minnesota, Member Participation Agreement

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Liabilities and Warranties. Each party shall be responsible for the acts and omissions of its employees and agents to the extent permitted by law. This Agreement AGREEMENT contains no promise of indemnification, express or implied, between the parties. Neither party makes any express or implied warranties as to any matter, including the condition, originality or accuracy of the research or ownership, merchantability or fitness for a particular purpose of the research or any invention arising therefrom. Even if advised of the possibility of such damages, in no event shall either party be liable for personal injury or loss, work stoppage, lost data, or any other reliance or expectancy damages, direct or indirect, or for special or consequential damages of any kind.

Appears in 2 contracts

Samples: University of Minnesota, University of Minnesota

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