Common use of Non-Assumption of Liabilities Clause in Contracts

Non-Assumption of Liabilities. It is expressly understood and agreed that Purchaser shall not be liable for and hereby disclaims any assumption of any of the obligations, claims or liabilities of Seller and/or its Affiliates and/or of any third party of any kind or nature whatsoever arising from or in connection with any circumstances, causes of action, breach, violation, default or failure to perform with respect to the Assigned Patent Rights prior to the assignment and sale thereof to Purchaser.

Appears in 5 contracts

Samples: Patent Purchase Agreement (TrueNorth Quantum Inc.), Patent Purchase Agreement (Marathon Patent Group, Inc.), Patent Purchase Agreement (Marathon Patent Group, Inc.)

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Non-Assumption of Liabilities. It is expressly understood and agreed that Purchaser shall not be liable for and hereby disclaims any assumption of any of the obligations, claims or liabilities of Seller and/or its Seller’s Affiliates and/or of any third party of any kind or nature whatsoever arising from or in connection with any circumstances, causes of action, breach, violation, default or failure to perform with respect to the Assigned Patent Rights prior to the assignment and sale thereof to Purchaser.

Appears in 2 contracts

Samples: Patent Purchase Agreement (Document Security Systems Inc), Patent Purchase Agreement (Document Security Systems Inc)

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