Common use of SUITS AGAINST THE FOUNDATION Clause in Contracts

SUITS AGAINST THE FOUNDATION. L.1. The Proposer shall defend all suits brought against the Foundation, its officers or personnel, indemnify them for all liabilities and costs and otherwise hold them harmless on account of any and all claims, actions, suits, proceedings and the like arising out of, or connected with or resulting from the performance of this Agreement by either or both of the Participants, or from the manufacture, sales, or distribution or use by either or both of the Participants of the Product, whether brought by either or both of the Participants or their respective personnel or by third parties. The Proposer will fully consult in good faith with the Foundation and its counsel at all stages regarding defense of a Claim. Any settlement that does not fully release the Foundation from any and all Claims must be approved in advance, in writing, by the Foundation.

Appears in 8 contracts

Samples: Pharma Cooperation and Project Funding Agreement, Cooperation and Project Funding Agreement, Pharma Cooperation and Project Funding Agreement

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