Common use of Mutual Indemnities Clause in Contracts

Mutual Indemnities. Assignee further agrees to indemnify Assignor and hold Assignor harmless from and against any and all claims, liens, damages, demands, causes of action, liabilities, lawsuits, judgments, losses, costs and expenses (including, without limitation, reasonable attorneys’ fees and expenses) (collectively, the “Losses”) asserted against or incurred by Assignor by reason of or arising out of any failure by Assignor to perform and observe the obligations, covenants, terms and conditions assumed by Assignor hereunder. Assignor agrees to indemnify Assignee and hold Assignee harmless from and against any and all Losses asserted against or incurred by Assignee by reason of or arising out of any failure by Assignor to perform and observe such obligations, covenants, terms and conditions arising before the date hereof.