Common use of Development Warranties Clause in Contracts

Development Warranties. Each party represents and warrants to the other party that it will perform the R&D Activities in a professional, workmanlike, and timely manner; provided, however, that the other party’s sole and exclusive remedy, and such party’s entire liability, for any breach of the warranty shall be for such party to re-perform its obligations in a conforming manner.

Appears in 2 contracts

Sources: Joint Development Agreement (Decarbonization Plus Acquisition Corp III), Joint Development Agreement (Decarbonization Plus Acquisition Corp III)