Common use of Power and Authority; Due Authorization; No Conflict; Enforceability; Binding Effect Clause in Contracts

Power and Authority; Due Authorization; No Conflict; Enforceability; Binding Effect. Each Party represents and warrants to the other Party that (i) such Party has the power and authority to execute, deliver and perform its obligations under this Agreement, (ii) the execution, delivery and performance of this Agreement have been duly authorized by such Party and does not and shall not conflict with any agreement or instrument to which it is bound, (iii) this Agreement constitutes the legal, valid and binding obligation of such Party, enforceable against it in accordance with its terms, and (iv) this Agreement, and the interests, rights, duties and obligations hereunder, shall be binding upon, and inure to the benefit of, the Parties and their respective successors and permitted assigns.

Appears in 10 contracts

Samples: Exclusive Global Rights Agreement (XPLOSION Inc), Option Agreement (Qrons Inc.), License Agreement (Quantum Materials Corp.)

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Power and Authority; Due Authorization; No Conflict; Enforceability; Binding Effect. Each Party party represents and warrants to the other Party party that (i) such Party party has the power and authority to execute, deliver and perform its obligations under this Agreement, (ii) the execution, delivery and performance of this Agreement have been duly authorized by such Party party and does not and shall not conflict with any agreement or instrument to which it is bound, (iii) this Agreement constitutes the legal, valid and binding obligation of such Partyparty, enforceable against it in accordance with its terms, and (iv) this Agreement, and the interests, rights, duties and obligations hereunder, shall be binding upon, and inure to the benefit of, the Parties parties and their respective successors and permitted assigns.

Appears in 6 contracts

Samples: Sponsored Research Agreement, Sponsored Design Research Agreement, Sponsored Research Agreement (Natcore Technology Inc.)

Power and Authority; Due Authorization; No Conflict; Enforceability; Binding Effect. Each Party represents and warrants to the other Party that (i) such Party has the power and authority to execute, deliver and perform its obligations under this Agreement, (ii) the execution, delivery and performance of this Agreement have been duly authorized by such Party and does not and shall not conflict with any agreement or instrument to which it is bound, (iii) this Agreement constitutes the legal, valid and binding obligation of such Partyparty, enforceable against it in accordance with its terms, and (iv) this Agreement, and the interests, rights, duties and obligations hereunder, shall be binding upon, and inure to the benefit of, the Parties and their respective successors and permitted assigns.

Appears in 4 contracts

Samples: Confidentiality Agreement, Confidentiality Agreement, Confidentiality Agreement

Power and Authority; Due Authorization; No Conflict; Enforceability; Binding Effect. Each Party represents and warrants to the other Party that (i) such Party has the power and authority to execute, deliver and perform its obligations under this Agreement, (ii) the execution, delivery and performance of this Agreement have been duly authorized by such Party and does not and shall not conflict with any agreement or instrument to which it is bound, (iii) this Agreement constitutes the legal, valid and binding obligation of such Party, enforceable against it in accordance with its terms, and (iv) this Agreement, and the interests, rights, duties and obligations hereunder, shall be binding upon, and inure to the benefit of, the Parties parties and their respective successors and permitted assigns.

Appears in 1 contract

Samples: William Marsh Rice University Confidentiality Agreement

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Power and Authority; Due Authorization; No Conflict; Enforceability; Binding Effect. Each Party party represents and warrants to the other Party party that (i) such Party party has the power and authority to execute, deliver and perform its obligations under this Agreement, (ii) the execution, delivery and performance of this Agreement have been duly authorized by such Party party and does not and shall not conflict with any agreement or instrument to which it is bound, (iii) this Agreement constitutes the legallega l, valid and binding obligation of such Partyparty, enforceable against it in accordance with its terms, and (iv) this Agreement, and the interests, rights, duties and obligations hereunder, shall be binding upon, and inure to the benefit of, the Parties parties and their respective successors and permitted assigns.

Appears in 1 contract

Samples: Sponsored Design Research Agreement

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