Common use of Parties’ Representations and Warranties Clause in Contracts

Parties’ Representations and Warranties. 10.1.1. Each Party declares and warrants to the other Party as of the Effective Date that: a) it has the legal right to conduct its business as now conducted and hereafter contemplated to be conducted; and b) has been duly authorized to execute this Agreement and that this Agreement constitutes a legal, valid and binding obligation enforceable against such Party in accordance with its terms except to the extent that enforceability may be limited by bankruptcy, insolvency or other similar situation affecting creditors' rights; and

Appears in 2 contracts

Samples: Patent and Material License Agreement, Patent and Material License Agreement

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Parties’ Representations and Warranties. 10.1.1. Each Party declares represents and warrants to the other Party as of the Effective Date that: a) : it has the legal right to conduct its business as now conducted and hereafter contemplated to be conductedconducted by virtue of this Agreement; and b) and has been duly authorized to execute this Agreement and that this Agreement constitutes a legal, valid and binding obligation enforceable against such Party in accordance with its terms except to the extent that enforceability may be limited by bankruptcy, insolvency or other similar situation affecting creditors' rights; and.

Appears in 1 contract

Samples: Patent/Utility Model License Agreement

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Parties’ Representations and Warranties. 10.1.1. Each Party declares represents and warrants to the other Party as COMPANY 1s of the Effective Date that: a) : it has the legal right to conduct its business as now conducted and hereafter contemplated to be conductedconducted by virtue of this Agreement; and b) and has been duly authorized to execute this Agreement and that this Agreement constitutes a legal, valid and binding obligation enforceable against such Party in accordance with its terms except to the extent that enforceability may be limited by bankruptcy, insolvency or other similar situation affecting creditors' rights; and.

Appears in 1 contract

Samples: Patent/Utility Model License Agreement

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