Master Alliance Provisions Guide (MAPGuide)

CSIC-MPP, COVID-19 Antibody Diagnostic, Patent & Material License Agreement

  • Liability | Representations & Warranties

10. Declarations and Warranties

10.1 Parties Representations and Warranties. Each Party declares and warrants to the other Party as of the Effective Date that:

a) it has the legal right to conduct its business as now conducted and hereafter contemplated to be conducted; and

b) has been duly authorized to execute this Agreement and that this Agreement constitutes a legal, valid and binding obligation enforceable against such Party in accordance with its terms except to the extent that enforceability may be limited by bankruptcy, insolvency or other similar situation affecting creditors’ rights; and

c) Neither Party has granted or will grant to any third party any of its right, licence or interest in, to or under the Licensed Technology that would conflict with, limit, or adversely affect the Parties’ ability to comply with the terms of this Agreement.

10.2 Disclaimer of Warranties. Neither Party makes any declaration or warranty other than those expressly provided hereunder.

CSIC does not make any declaration or warranty as regards the patentability of any patent application included in the Patent Rights or the prospect to extent any Patent Right. CSIC does not make any representation or warranty that the use of any of the Patent claims or piece of information or of know-how licensed under this Contract does not infringe any patent or other intellectual or property rights belonging to Third Parties.