Common use of Forbidden Settlements Clause in Contracts

Forbidden Settlements. GI is not authorized to settle any Covered Claim, in whole or in part, in a manner that would require any Indemnified Party to modify or discontinue its products or services (or offerings thereof), without WRMT’s prior written consent, which consent will not be unreasonably withheld.

Appears in 2 contracts

Sources: Exclusive License Agreement (World Technology Corp.), Exclusive License Agreement (World Technology Corp.)