Common use of Authorization; Execution; Enforceability Clause in Contracts

Authorization; Execution; Enforceability. The Company has the full legal right, power and authority to enter into this Agreement, to perform its obligations under this Agreement and to consummate the transactions contemplated herein. The execution and delivery of this Agreement by the Company, the performance by the Company of its obligations herein and the consummation of the transactions contemplated herein have been duly authorized by all necessary corporate action on the part of the Company, including all necessary approvals by stockholders. This Agreement has been duly executed and delivered by the Company and constitutes a legal, valid and binding obligation of the Company, enforceable against the Company in accordance with its terms.