REPRESENTATIONS AND WARRANTIES OF VIGNETTE AND THE BUYER. 32 7.1 General Representations and Warranties of Vignette and the Buyer 32 7.2 Termination for breach of warranty 35 7.3 Exceptions to warranties 35 7.4 Xxxx’x indemnity for personal obligations 35 7.5 Xxxxxxx’x indemnity for personal obligations 36 7.6 Company’s indemnity for Employment Acknowledgement 36 8. REPRESENTATIONS AND WARRANTIES OF THE SELLERS 36 8.1 Terms 36 8.2 Indemnity by Sellers 37 8.3 Exceptions to the Warranties 37 8.4 Vignette’s and Buyer’s reliance on their own enquiries 38 8.5 Treatment of Buyer Claims and payments under Clause 11 38 9. LIMITATION OF LIABILITY 38 9.1 Limitations of liability 38 9.2 Cap on Claims 39 9.3 Mitigation of Loss 39 9.4 Reimbursement for amounts recovered 40 9.5 Seller must not claim contribution from persons connected with the Buyer 41 9.6 Third Party Claims 41 9.7 Time limits for bringing Claims 42 9.8 Sellers' fraud or intentional misrepresentation 42 10. INDEMNITY FOR TT LIMITED LIABILITIES 42 11. TAXES UP TO THE COMPLETION DATE 43 11.1 Tax Indemnity 43 11.2 Adjustment to Purchase Price 44 11.3 Payments under clause 11.1 44 11.4 Restrictions on claims under clause 11.1 44 11.5 Timing of payments 45 11.6 Notice of potential Tax Claim 45 11.7 Tax Claims procedure 46 11.8 Refunds 48 11.9 Interest received from a Taxation Authority 48 ii. 12. GRANT OF VIGNETTE OPTIONS 49 13. CONFIDENTIALITY AND DISCLOSURES 49 13.1 Definitions 49 13.2 Information provided in relation to the Transaction 49 13.3 Confidentiality obligation 49 13.4 Notice preceding compelled disclosure 50 13.5 Treatment of Information 51 13.6 Public Information 51 13.7 No warranty of accuracy 51 13.8 No licence 52 13.9 Confidentiality of this agreement 52 13.10 Mutual Non-disclosure Agreement 52 13.11 Xxxxxxx xxxxxxx 52 14. NOTICES 53 14.1 How to give a notice 53 14.2 When a notice is given 53 14.3 Address for notices 53 15. COSTS, STAMP DUTY AND ADDITIONAL OBLIGATIONS 53 15.1 Costs generally 53 15.2 Stamp duty 54 15.3 Additional Obligations 54 16. AMENDMENT AND ASSIGNMENT 54 16.1 Amendment 54 16.2 Assignment 55 17. GST 55 17.1 Interpretation 55 17.2 Reimbursements and similar payments 55 17.3 GST payable 55 17.4 Variation of GST 55 18. NON-COMPETITION 56 18.1 Definitions for non-competition 56 18.2 Non-competition undertaking 56 18.3 Further undertakings to protect goodwill 57 18.4 Restraints cumulative 58 18.5 Restraints reasonable 58 19. GENERAL 58 19.1 Governing law 58 19.2 Giving effect to this agreement 58 19.3 Waiver of rights 59 iii.
