Common use of Party Warranties Clause in Contracts

Party Warranties. Each Party hereby represents and warrants that: (a) it will perform its responsibilities under this Agreement in a manner that does not infringe, or constitute an infringement or misappropriation of, any patent, trade secret, copyright or other intellectual property right of the other Party, the respective Affiliates of the other Party or any third party; (b) it has all requisite corporate power and authority to enter, and fully perform pursuant to, into this Agreement; (c) the execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby have been duly and properly authorized by all requisite corporate action on its part; (d) this Agreement has been duly executed and delivered by such Party; and (e) this Agreement is the legal, valid and binding obligation of such Party, enforceable against it in accordance with its terms (assuming the due authorization, execution, and delivery by the other Party).