Common use of Xxxxxx Obligation Clause in Contracts

Xxxxxx Obligation. a. Both parties warrant that they have full capacity, power and authority to enter into this Agreement and to fulfil their obligations hereunder. b. Both parties warrant to each other that, to the best of their knowledge, there is no legal impediment or pending legal action which may render this agreement invalid or unenforceable. c. Each party shall be responsible for its own expenses arising out of entry into, or performance under this agreement, and neither party shall be obligated, without its prior written consent, to pay any such expenses of the other party. d. Each party shall be responsible for its own insurances including, but not limited to, professional indemnity and public liability.

Appears in 4 contracts

Samples: Introducing Brokers Agreement, Introducing Broker Agreement, Introducing Broker Agreement

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Xxxxxx Obligation. a. Both parties warrant that they have full capacity, power and authority to enter into this Agreement and to fulfil their obligations hereunder.fulfil their b. Both parties warrant to each other that, to the best best of their knowledge, there is no legal impediment or pending legal action which may render this agreement invalid or unenforceable.action c. Each party shall be responsible for its own expenses arising out of entry into, or performance under this agreement, and neither party shall be obligated, without its prior written consent, to pay any such expenses of the other party. d. Each party shall be responsible for its own insurances including, but not limited to, professional indemnity and public liability.

Appears in 1 contract

Samples: Introducing Broker Agreement

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