Research Board Indemnity Sample Clauses

Research Board Indemnity. Each Party acknowledges its express intent, and agrees for the mutual benefit of all Parties, that, except to the extent provided in the Research Board Conflict of Interest Policy and Confidentiality Statement, no Research Board member shall owe any fiduciary duty of care or loyalty, under this Agreement, or otherwise at law or in equity, to the GoMRI, any Party, any Research Consortia, any Director of a Research Consortium, any Research Institution, any Research Investigator, any other Research Board member or any third party in connection with the granting or withholding of any approval of the Research Board. Each Party hereby releases and forever discharges any Research Board member from all liabilities and claims, whether known or not known and presently existing or arising in the future, arising in contract, tort, or under any statute, regulation or rule, at law or in equity, whether asserted by any Research Consortia, any Director of a Research Consortium, any Research Institution, any Research Investigator, any other Research Board member or any third party, on account of the conduct of any activities pursuant to an Approved Research Project, or any decision to grant or withhold approval of the Research Board on any matter whatsoever, except to the extent that a members of the Research Board acts in violation of the Research Board Conflict of Interest Policy and Confidentiality Statement.
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