Master Alliance Provisions Guide (MAPGuide)

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

  • Liability | Representations & Warranties

<p><span style=”textdecoration: underline;”><b> 10. Declarations and Warrantiesb>span>p>
<p><b>10.1 Parties Representations and Warranties.b> <span style=”fontweight: 400;”>Each Party declares and warrants to the other Party as of the Effective Date that:span>p>
<p style=”paddingleft: 25px;”><span style=”fontweight: 400;”>a) it has the legal right to conduct its business as now conducted and hereafter contemplated to be conducted; andspan>p>
<p style=”paddingleft: 25px;”><span style=”fontweight: 400;”>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 span><span style=”fontweight: 400;”>except to the extent that enforceability may be limited by bankruptcy, insolvency or other span><span style=”fontweight: 400;”>similar situation affecting creditors&#8217; rights; andspan>p>
<p style=”paddingleft: 25px;”><span style=”fontweight: 400;”>c) Neither Party has granted or will grant to any third party any of its right, licence or interest in, span><span style=”fontweight: 400;”>to or under the Licensed Technology that would conflict with, limit, or adversely affect the span><span style=”fontweight: 400;”>Partiesability to comply with the terms of this Agreement.span>p>
<p><b>10.2 Disclaimer of Warranties.b> <span style=”fontweight: 400;”>Neither Party makes any declaration or warranty other than those expressly provided hereunder.span>p>
<p><span style=”fontweight: 400;”>CSIC does not make any declaration or warranty as regards the patentability of any patent application included in the <a href=”#kt“>Patent Rightsa> 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 knowhow licensed under this Contract does not infringe any patent or other intellectual or property rights belonging to Third Parties.span>p>