Representations and Warranty by Releasing Parties Sample Clauses

Representations and Warranty by Releasing Parties. The Parties, and each of them, represent and warrant, that they (a) are the lawful owners of everything released hereunder, (b) have all necessary power and authority to make such release, including any necessary consent or approval from any person or Board of Directors and including the absence of any duty or obligation that would prevent, or be put in breach or default by, such release, and (c) have not heretofore transferred or attempted to transfer all or any part of any such thing released in any manner whatsoever, including by way of subrogation or operation of law. The Parties, and each of them, shall indemnify and hold each of the other Parties harmless with respect to any liability, cost, expense, or claim with respect to, pertaining to, or arising from any assertion of any such obligation or transfer or lack of such power or authority including, but not limited to, reasonable attorneys' fees and costs. The Parties, and each of them, represent and warrant further to each other, that this Settlement Agreement is executed voluntarily, and without duress or undue influence on the part of or on behalf of the Parties, or any other person or entity whatsoever.
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