Common use of Representations, Warranties and Covenants of Both Parties Clause in Contracts

Representations, Warranties and Covenants of Both Parties. 13.1.1 Each Party hereby represents and warrants that it has the requisite corporate power and authority to enter into this Agreement and that this Agreement constitutes a legal and valid obligation binding upon such Party, enforceable in accordance with its terms.

Appears in 3 contracts

Samples: Development and Commercialization Funding Agreement (Reata Pharmaceuticals Inc), Development and Commercialization Funding Agreement (Reata Pharmaceuticals Inc), Co Development Agreement (PhaseBio Pharmaceuticals Inc)

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Representations, Warranties and Covenants of Both Parties. 13.1.1 12.1.1 Each Party hereby represents and warrants that it has the requisite corporate power and authority to enter into this Agreement and that this Agreement constitutes a legal and valid obligation binding upon such Party, enforceable in accordance with its terms.

Appears in 2 contracts

Samples: Development Agreement (Nektar Therapeutics), Co Development Agreement (Alnylam Pharmaceuticals, Inc.)

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