Common use of Product Liability Clause in Contracts

Product Liability. To the Buyer’s knowledge, the Buyer does not have any Liability (and there is no Basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them giving rise to any Liability) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product manufactured, sold, leased, or delivered by the Buyer.

Appears in 2 contracts

Samples: Stock for Stock Exchange Agreement (Vincera, Inc.), Stock for Stock Exchange Agreement (Vincera, Inc.)

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Product Liability. To the Buyer’s knowledgeSeller's Knowledge, the Buyer does not have any it has no Liability (and there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them giving rise to any Liability) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product manufactured, sold, leased, or delivered by the BuyerSeller.

Appears in 1 contract

Samples: Asset Purchase Agreement (New England Business Service Inc)

Product Liability. To the Buyer’s knowledge, the The Buyer does not have any Liability (and there is no Basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claimpending, or demand against any of them giving rise to any Liability) the Buyer’s Knowledge, threatened, liability arising out of any from or related to personal injury to of, or property damage or economic loss to, individuals or property property, as the case may be, as a result of the ownership, possession, or use (not including possession or use by employees or contractors of the Buyer) of any product manufactured, sold, leased, consigned or delivered by the Buyer.

Appears in 1 contract

Samples: Merger Agreement (Healthsport, Inc.)

Product Liability. To the Buyer’s knowledge, the Buyer The Seller does not have any Liability (and and, to the Knowledge of the Seller, there is no Basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them it giving rise to any Liability) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product manufactured, sold, leased, sold or delivered by the BuyerSeller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Pinnacle Data Systems Inc)

Product Liability. To Seller has no liability (and, to the Buyer’s best of Seller's knowledge, the Buyer does not have any Liability (and there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, claim or demand against any of them Seller giving rise to any Liabilityliability) arising out of any injury to individuals or property as a result of the ownership, possession, possession or use of any product manufactured, sold, leased, leased or delivered by the BuyerSeller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Schick Technologies Inc)

Product Liability. To Neither Seller nor the Buyer’s knowledge, the Buyer does not have Business has any Liability (and there is no Basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them it giving rise to any Liability) arising out of any injury to individuals or property as a result of the sale of the Products, ownership, possession, possession or use of any product manufactured, sold, leased, of the Acquired Assets or delivered by operation of the BuyerBusiness.

Appears in 1 contract

Samples: Asset Purchase Agreement (Ap Pharma Inc /De/)

Product Liability. To Neither the Buyer’s knowledge, Seller nor the Buyer does not have Seller's Business has any Liability (and there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them giving rise to any Liability) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product manufactured, sold, leased, or delivered by the BuyerSeller or the Seller's Business.

Appears in 1 contract

Samples: Asset Purchase Agreement (Liska Biometry Inc)

Product Liability. To the Buyer’s knowledge, the Buyer does not have any The Seller has no Liability (and there is no Basis for any present or future charge, complaint, action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them giving rise to any Liability) arising out of any injury to individuals persons or property as a result of the ownership, possession, or use of any product manufactured, sold, leased, or delivered by the BuyerSeller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Quixote Corp)

Product Liability. To the Buyer’s knowledgeknowledge of the Vendor, the Buyer does not have any Liability Vendor has no liability (and there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them giving rise to any Liabilityliability) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product manufactured, sold, leased, or delivered by the BuyerVendor in the Purchased Business.

Appears in 1 contract

Samples: Asset Purchase Agreement (Bell Microproducts Inc)

Product Liability. To the Buyer’s knowledge, the The Buyer does not have any Liability has no liability (and there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them giving rise to any Liabilityliability) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product manufactured, sold, leased, or delivered by the Buyer.

Appears in 1 contract

Samples: Asset Purchase and Sale Agreement (Spectra Systems Corp)

Product Liability. To the Buyer’s knowledge, the Buyer does not have any Liability Seller has no liability (and there is Seller has no Basis knowledge of any basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them Seller giving rise to any Liabilityliability) arising out of any injury to individuals or property as a result of the ownership, possession, possession or use of any product manufactured, sold, leased, sold or delivered by the BuyerSeller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Ballistic Recovery Systems Inc)

Product Liability. To the Buyer’s knowledgeSellers’ Knowledge, the Buyer does not Sellers have any Liability no liability (and there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, claim or demand against any of them giving rise to any Liabilityliability) arising out of any injury to individuals or property as a result of the ownership, possession, possession or use of any product manufactured, sold, leased, leased or delivered by the BuyerSellers.

Appears in 1 contract

Samples: Asset Purchase Agreement (Nature Vision, Inc.)

Product Liability. To the Buyer’s knowledge, the Buyer does not have Seller has no knowledge of any Liability liability (and there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them Seller giving rise to any Liabilityliability) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product manufacturedor software manufactured or created by, sold, leased, or sold or delivered by the BuyerSeller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Avitar Inc /De/)

Product Liability. To the Buyer’s knowledge, the Buyer does not have any Liability The Seller has no liability (and there is no Basis known basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them giving rise to any Liabilityliability) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product manufactured, sold, leased, or delivered by the BuyerSeller.

Appears in 1 contract

Samples: Asset Sale and Purchase Agreement (Labarge Inc)

Product Liability. To the Buyer’s knowledge, the Buyer does not have any Seller has no Liability (and there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them giving rise to any Liability) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product manufactured, sold, leased, or delivered by Seller to the BuyerRetail Customers.

Appears in 1 contract

Samples: Asset Purchase Agreement (Hillman Companies Inc)

Product Liability. To the Buyer’s knowledgeSeller's Knowledge, the Buyer does not have any Liability Seller has no liability (and there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them giving rise to any Liabilityliability) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product Purchased Product manufactured, sold, leased, or delivered by the BuyerSeller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Cox Technologies Inc)

Product Liability. To the Buyer’s knowledge, the Buyer does not have Neither Seller has any Liability (and there is no Basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them such Seller giving rise to any Liability) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product manufactured, sold, leased, or delivered by the Buyereither Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Source Information Management Co)

Product Liability. To the Buyer’s Seller has no liability for, and to sellers knowledge, the Buyer does not have any Liability (and after reasonable investigations, where practicable, there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, claim or demand against the Seller which could give rise to, any of them giving rise to any Liability) liability arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product manufactured, sold, leased, or delivered by the Buyer.Seller. 4.23

Appears in 1 contract

Samples: Stock Purchase Agreement (Caraco Pharmaceutical Laboratories LTD)

Product Liability. To the Buyer’s knowledge, the Buyer does not have any Liability (and there is Sellers' knowledge it has no Basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them giving rise to any Liability) liabilities arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product or by-product manufactured, sold, leased, transported, exchanged, swapped, conveyed or delivered by the BuyerSellers' he me Business.

Appears in 1 contract

Samples: Definitive Agreement (Wellstar International, Inc.)

Product Liability. To the Buyer’s knowledge, the Buyer does not have any Liability Seller has no liability (and there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, claim or demand against any of them it giving rise to any Liabilityliability) arising out of any injury to individuals or property as a result of the ownership, possession, possession or use of any product manufactured, sold, leased, leased or delivered or services rendered by the BuyerBusiness.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Iquniverse Inc)

Product Liability. To the Buyer’s knowledgebest of Sellers' Actual Knowledge, the Buyer Company does not have any Liability (and there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them giving rise to any Liability) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product manufactured, sold, leased, or delivered by the BuyerCompany.

Appears in 1 contract

Samples: Stock Purchase Agreement (Glacier Corp)

Product Liability. To the Buyer’s knowledge, the Buyer Seller does not have know of any Liability liability (and ----------------- there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, claim or demand against any of them giving rise to any Liabilityliability) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product manufactured, sold, sold leased, or delivered by the BuyerSeller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Thinka Weight Loss Corp)

Product Liability. To the Buyer’s knowledge, the Buyer does not have any Liability Seller has no liability (and there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them giving rise to any Liabilityliability) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product manufactured, sold, leased, or delivered by the BuyerSeller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Culp Inc)

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Product Liability. To the Buyer’s knowledge, the Buyer The Seller does not have any Liability (and there is no Basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them giving rise to any Liability) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product manufactured, sold, leased, or delivered by the BuyerSeller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Chyron Corp)

Product Liability. To the Buyer’s knowledge, the Buyer does not have any The Seller has no Liability (and there is no Basis for facts or circumstances exist that could reasonably be expected to give rise to any present or future actionProceeding, suit, proceeding, hearing, investigation, charge, complaint, claim, claim or demand against any of them giving rise to any Liability) arising out of any injury to individuals or property as a result of the ownership, possession, possession or use of any product manufactured, sold, leased, leased or delivered by the BuyerSeller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Nova Biosource Fuels, Inc.)

Product Liability. To the Buyer’s knowledge, the Buyer does not have any Seller has no Liability (and there is no Basis for any present or future charge, complaint, action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them it giving rise to any Liability) arising out of any injury to individuals persons or property as a result of the ownership, possession, or use of any product manufactured, sold, leased, or delivered by Seller in connection with the BuyerBusiness.

Appears in 1 contract

Samples: Asset Purchase Agreement (Cardiodynamics International Corp)

Product Liability. To the Buyer’s knowledge, the Buyer does not have any The Seller has no Liability (and there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them giving rise to any Liability) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product manufactured, sold, leased, or delivered by the BuyerSeller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Alpha Technologies Group Inc)

Product Liability. To the Buyer’s knowledge, the Buyer Seller does not have any Liability (and and, to Seller's Knowledge, there is no Basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them Seller giving rise to any Liability) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product manufactured, sold, leased, sold or delivered by the BuyerSeller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Phoenix Footwear Group Inc)

Product Liability. To the Buyer’s knowledge, the Buyer does not have any Seller has no Liability (and there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them Seller giving rise to any Liability) arising out of any injury to individuals or property as a result of the ownership, possession, ownership or use operation of any product manufactured, sold, leased, the Business or delivered by the BuyerPurchased Assets.

Appears in 1 contract

Samples: Asset Purchase Agreement (Corvel Corp)

Product Liability. To the Buyer’s knowledge, the Buyer does not have any The Seller has no Liability (and there is no Basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them giving rise to any Liability) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product manufactured, sold, leased, or delivered by the BuyerSeller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Rmi Net Inc)

Product Liability. To The Purchaser has no liability (and, to the BuyerPurchaser’s knowledgeKnowledge, the Buyer does not have any Liability (and there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, Legal Proceeding or demand Order against any of them the Purchaser giving rise to any Liabilityliability) arising out of any injury to individuals or property as a result of the ownership, possession, possession or use of any product manufactured, sold, leased, sold or delivered by the BuyerPurchaser or its Affiliates.

Appears in 1 contract

Samples: Stock Purchase Agreement (Science Dynamics Corp)

Product Liability. To the Buyer’s knowledge, the Buyer does not have any Seller has no Liability (and there is to Seller's knowledge no Basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them giving has been threatened that would give rise to any LiabilityLiability of Seller) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product manufactured, sold, leased, or delivered by the BuyerSeller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Symphonix Devices Inc)

Product Liability. To the Buyer’s knowledge, the Buyer does not have any Seller has no Liability (and there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them giving rise to any Liability) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product manufactured, sold, leased, or delivered by the BuyerSeller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Arrhythmia Research Technology Inc /De/)

Product Liability. To the Buyer’s knowledge, the Buyer does not have any Liability Seller has had no liability (and there is no Basis known basis for any present or future action, suitlawsuit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them giving rise to any Liabilityliability) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product manufactured, sold, leased, or delivered by the BuyerProduct.

Appears in 1 contract

Samples: Asset Purchase Agreement (Vascular Solutions Inc)

Product Liability. To Seller has no liability (and, to the Buyer’s knowledgeknowledge ----------------- of Seller, the Buyer does not have any Liability (and there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, claim or demand against any of them it giving rise to any Liabilityliability) arising out of any injury to individuals or property as a result of the ownership, possession, possession or use of any product manufactured, sold, leased, leased or delivered by the BuyerSeller.

Appears in 1 contract

Samples: Technology Purchase Agreement (Lasersight Inc /De)

Product Liability. To the Buyer’s knowledge, the Buyer Seller does not have any Liability (and and, to Seller’s knowledge, there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them Seller or its Affiliates or Angiotech or its Affiliates giving rise to any Liability) arising out of any injury to individuals or property as a result of the ownership, possession, or such individuals’ use of any product Device manufactured, sold, leased, sold or delivered by the Buyerdelivered.

Appears in 1 contract

Samples: Asset Purchase Agreement (Merit Medical Systems Inc)

Product Liability. To the Buyer’s knowledge, the Buyer does not have any The Seller has no Liability (and there is no Basis ------------------ for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them the Seller giving rise to any Liability) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product manufactured, sold, leased, or delivered by the BuyerSeller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Benthos Inc)

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