Common use of RESEARCH AND DEVELOPMENT INDEMNIFICATION Clause in Contracts

RESEARCH AND DEVELOPMENT INDEMNIFICATION. Each Party (the "Indemnifying Party") shall indemnify, defend and hold the other Party (the "Indemnified Party") harmless from and against any and all liabilities, claims, damages, costs, expenses or money judgments incurred by or rendered against the Indemnified Party and its Affiliates and sub-licensees incurred in the defense or settlement of a Third Party lawsuit or in a satisfaction of a Third Party judgment arising out of any injuries to person and/or damage to property resulting from (a) negligence of the Indemnifying Party performed in carrying out the development program hereunder, and (b) personal injury to the Indemnified Party's employees or agents or damage to the Indemnified Party's property resulting from acts in carrying out activities contemplated by this Agreement.