Master Alliance Provisions Guide (MAPGuide)

Boston University Startup Exclusive License Template

  • Liability | Indemnification & liability

<p><span style=”textdecoration: underline;”><strong>7. Warranties, Limitations &amp; Indemnificationstrong>span>p>
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<p><strong>7.02 Indemnification.strong> Licensee will at all times during the Term and thereafter, defend, indemnify and hold the University and its affiliated hospital, Boston Medical Center Corporation, their current and former trustees, officers, employees, students, agents and affiliates (together, “<em><strong>Indemniteesstrong>em>”) harmless from and against all claims, suits, demands, liability and expenses, including legal expenses and reasonable attorneys&#8217; fees, arising out of: (a) the death of or injury to any person or persons; (b) damage to property; or (c) any other claim, proceeding, demand, expense and liability of any kind whatsoever resulting from: (i) the design, production, manufacture, shipping, labeling, patent marking, handling, use (in commerce or otherwise), misuse, sale, lease, consumption, promotion or advertisement of the Licensed Products or the Licensed Processes or any product, service or process relating to or developed under this Agreement or with the Software [DELETE IF NO COPYRIGHT] or the <a href=”#kt“>Patent Rightsa>; or (ii) any obligation or activity of Licensee under this Agreement or of any Permitted Sublicensee under any Sublicense. The obligation under this Section 7.02 will apply without regard to whether any liability is attributable to Universitys, Licensees, Licensees Affiliates or its Permitted Sublicensee&#8217;s negligence.p>
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<p><strong>7.04 University Liability.strong> (A) THE UNIVERSITY&#8217;S TOTAL LIABILITY FOR ANY AND ALL CAUSES OF ACTION ARISING IN CONNECTION WITH THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT, IN AGGREGATE, AND REGARDLESS OF THE FORM OF ACTION, WHETHER IN CONTRACT OR IN TORT, INCLUDING NEGLIGENCE, OR OTHERWISE WILL BE LIMITED TO DIRECT DAMAGES NOT EXCEEDNG IN THE AGGREGATE ONE HUNDRED PERCENT (100%) OF THE AMOUNTS PAID TO THE UNIVERSITY UNDER ARTICLE IV. LICENSEE WAIVES AND DISCLAIMS (AND WILL CAUSE ALL ITS PERMITTED SUBLICENSEES TO WAIVE AND DISCLAIM) ANY RIGHT TO RECOVER ANY DAMAGES IN THE AGGREGATE IN EXCESS OF SUCH AMOUNT FROM THE UNIVERSITY. (B) UNIVERSITY SHALL NOT BE LIABLE TO LICENSEE AND/OR PERMITTED SUBLICENSEES FOR, INCLUDING BUT NOT LIMITED TO, ANY LOST OR ANTICIPATED REVENUES, PROFITS OR SAVINGS, OR ANY INCIDENTAL, INTANGIBLE, EXEMPLARY, PUNITIVE, SPECIAL INDIRECT OR CONSEQUENTIAL DAMAGES, REGARDLESS OF THE FORM OF ACTION, WHETHER IN CONTRACT OR IN TORT, INCLUDING NEGLIGENCE, OR OTHERWISE AND WHETHER OR NOT THE UNIVERSITY WAS ADVISED OF THE POSSIBILITY OR LIKELIHOOD OF SUCH DAMAGES.p>