Common use of WARRANTY & INDEMNITY Clause in Contracts

WARRANTY & INDEMNITY. (a) The Founder warrants that no legal proceedings or arbitration, mediation or other dispute resolution process is taking place, pending or threatened, that may negatively affect ilab, UQ or UniQuest which may have an adverse effect on the ability of the Founder to perform their obligations under the General Conditions. (b) The Founder hereby indemnifies UQ and UniQuest against any claim, loss or damage incurred or suffered as a result of: (i) any breach of the General Conditions; or (ii) any activity or outcome of the Project during or after the ilab Accelerator Program Term or after termination of this Agreement. (c) The Founder warrants that UQ and UniQuest will not be liable to the Founder for any claim, loss, damage or expense incurred or suffered by the Founder for any reason as a result of the Founder’s participation in the ilab Accelerator Program.

WARRANTY & INDEMNITY. (a) The Founder warrants that no legal proceedings or arbitration, mediation or other dispute resolution process is taking place, pending or threatened, that may negatively affect ilab, ilab or UQ or UniQuest which may have an adverse effect on the ability of the Founder to perform their obligations under the General Conditions. (b) The Founder hereby indemnifies ilab and UQ and UniQuest against any claim, loss or damage incurred or suffered as a result of: (i) any breach of the General Conditions; or (ii) any activity or outcome of the Project during or after the ilab Accelerator Program Term or after termination of this Agreement. (c) The Founder warrants that ilab or UQ and UniQuest will not be liable to the Founder for any claim, loss, damage or expense incurred or suffered by the Founder for any reason as a result of the Founder’s participation in the ilab Accelerator Program.