Release by Licensor Sample Clauses
The 'Release by Licensor' clause serves to formally discharge the licensee from certain claims, liabilities, or obligations that the licensor may have against them, typically in connection with the subject matter of the agreement. In practice, this clause may specify that the licensor waives any right to pursue legal action for past breaches or disputes related to the licensed material up to the effective date of the agreement. Its core function is to provide the licensee with assurance and finality, reducing the risk of future claims from the licensor regarding prior issues.
Release by Licensor. The Licensor releases the Licensee in respect of any damage, loss, cost or expense (whether below deductibles or not) which arises from damage to Licensor's property in respect of which the Licensor maintains property insurance coverage or is required to maintain property insurance in accordance with the terms of this Agreement, whether the property insurance is provided by a third party insurer or the Licensor self-insures, it being acknowledged that the Licensee, in requiring the Licensor to maintain property insurance or to self-insure, as provided above, does so with the intent that losses, regardless of how caused, are intended to be covered by that property insurance or self-insurance without any subrogation, claim or other claim associated with the loss or damage being brought against the Licensee.
Release by Licensor. Licensor, on behalf of itself, and its predecessors, successors and assigns, and any parents, subsidiaries and Affiliates, does hereby now and forever release and discharge Licensee, and its predecessors, successors and assigns, and any parents, subsidiaries and other Affiliates, and each of their respective current and former officers, directors, employees, agents, attorneys, and representatives (individually and collectively, the “Released Parties”) from any and all known or unknown claims, damages, actions, causes of actions, defenses, demands, costs or charges, in law or equity, based upon any Released Parties’ manufacture, use, marketing, sale, offering for sale, import or distribution of Licensed Products on or prior to the Effective Date.
Release by Licensor. The Licensor releases the Licensee in respect of any damage, loss, cost or expense (whether below deductibles or not) which arises from damage to Licensor’s property in respect of which the Licensor maintains property insurance coverage or is required to maintain property insurance in accordance with the terms of this Agreement, whether the property insurance is provided by a third-party insurer or the Licensor self-insures, it being acknowledged that the Licensee, in requiring the Licensor to maintain property insurance or to self-insure, as provided above, does so with the intent that losses, regardless of how caused, are intended to be covered by that property insurance or self- insurance without any subrogation, claim or other claim associated with the loss or damage being brought against the Licensee. This release extends to any acts or omissions of the Licensee but not to any grossly negligent or wilful acts or omissions of the Licensee.
Release by Licensor. With the exception of the continuing provisions of the License Agreement identified in Paragraph 4 hereof, Licensor hereby releases, acquits and forever discharges Licensee and its direct and indirect parents, subsidiaries, divisions and affiliates, and each and every one of their respective present and former directors, managers, officers, employees, agents, assigns, representatives, predecessors in interest and successors, from and against any and all claims, demands, assertions, disputes, disagreements, indebtedness, rights, actions, causes of action, costs, expenses, compensation and damages of any kind whatsoever arising out of or in any way related to the actual or alleged breach, nonperformance and/or termination of the License Agreements.
Release by Licensor. The Licensor by this agreement releases and forever discharges:
(a) the Licensee;
(b) each Related Body Corporate of the Licensee;
(c) each licensee of any of the Licensee and any Related Body Corporate of the Licensee;
(d) each officer, employee and agent of any person referred to in clauses 00 to 00; and
(e) the successors and permitted assigns of any person referred to in clauses 00 to 00, from all and any Claims which any of the Licensor and any Related Body Corporate of the Licensor now have or but for this agreement could or might have had against any of them relating to, arising out of or in connection with any of the infringement and misuse of the IP or other rights of any of the Licensor and any Related Body Corporate of the Licensor at any time before the date of the Heads of Agreement.