Common use of Liability of Consultant Clause in Contracts

Liability of Consultant. In furnishing the Company with management ----------------------- advice and other services as herein provided, neither Consultant nor any officer, director or agent thereof shall be liable to the Company or its creditors for errors of judgment or for anything except willful malfeasance, bad faith or gross negligence in the performance of its duties or reckless disregard or its obligations and duties under the terms of this Agreement. It is further understood and agreed that Consultant may rely upon information furnished to is reasonably believed to be accurate and reliable and that, except as herein provided, Consultant shall not be accountable for any loss suffered by the Company by reason of the Company's action or non-action on the basis of any advice, recommendation or approval of Consultant, its partners, employees or agents.

Appears in 2 contracts

Samples: Financial Consulting Agreement (Newcom Inc), Financial Consulting Agreement (Solopoint Inc)

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Liability of Consultant. In furnishing the Company with management ----------------------- advice and other services as herein provided, neither Consultant nor any officer, director or agent thereof shall be liable to the Company or its creditors for errors of judgment or for anything except willful malfeasance, bad faith or gross negligence in the performance of its duties or reckless disregard or its obligations and duties under the terms of this Agreement. It is further understood and agreed that Consultant may rely upon information furnished to is reasonably believed to be accurate and reliable and that, except as herein provided, Consultant shall not be accountable for any loss suffered by the Company by reason of the Company's action or non-action on the basis of any advice, recommendation or approval of Consultant, its partners, employees or agents.

Appears in 2 contracts

Samples: Consulting Agreement (Ir Biosciences Holdings Inc), Consulting Agreement (Ir Biosciences Holdings Inc)

Liability of Consultant. In furnishing the Company with management ----------------------- advice and other services as herein providedthe Services provided herein, neither Consultant nor any officer, director or agent thereof shall not be liable to the Company or its creditors for errors of judgment or for anything any matters, except for willful malfeasance, bad faith or gross negligence in the performance of its duties the Services or Additional Services or the reckless disregard or of its obligations and duties under the terms of this Agreement. It is further agreed and understood and agreed that Consultant may rely upon information furnished to is it by Company which Consultant reasonably believed believes to be accurate and reliable and that, except as herein providedprovided herein, Consultant shall not be accountable for any loss suffered by the Company by the reason of the Company's action or non-action on the basis of any advice, recommendation or approval of Consultant, its partners, employees or agentsexcept as provided above.

Appears in 1 contract

Samples: Consulting Services Agreement (Cytotherapeutics Inc/De)

Liability of Consultant. In furnishing the Company with management ----------------------- advice and other services as herein provided, neither Consultant nor any officer, director or agent thereof therefore shall be liable to the Company or its creditors for errors of judgment or for anything except willful malfeasance, bad faith or gross negligence in the performance of its duties or reckless disregard or of its obligations and duties under the terms of this Agreement. It is further understood and agreed that Consultant may rely upon information furnished to is reasonably believed to be accurate and reliable and that, except as herein provided, Consultant shall not be accountable for any loss suffered by the Company by reason of the Company's action or non-action on the basis of any advice, recommendation or approval of Consultant, its partners, employees or agents.

Appears in 1 contract

Samples: Financial Consulting Agreement (Team Communication Group Inc)

Liability of Consultant. In furnishing the Company with management ----------------------- advice and other services as herein provided, neither Consultant nor any officer, director or agent thereof shall be liable to the Company or its creditors for errors of judgment or for anything except willful malfeasance, bad faith or gross negligence in the performance of its duties or reckless disregard or of its obligations and duties under the terms of this Agreement. It is further understood and agreed that Consultant may rely upon information furnished to is it reasonably believed to be accurate and reliable and that, except as herein provided, Consultant shall not be accountable for any loss suffered by the Company by reason of the Company's action or non-action on the basis of any advice, recommendation or approval of Consultant, its partners, employees or agents.

Appears in 1 contract

Samples: Financial Consulting Agreement (New York Health Care Inc)

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Liability of Consultant. In furnishing the Company with management ----------------------- advice and other services as herein provided, neither Consultant nor any officer, director or agent thereof shall be liable to the Company or its creditors for errors of judgment or for anything except willful malfeasance, bad faith or gross negligence in the performance of its duties or reckless disregard or its obligations and duties under the terms of this Agreement. It is further understood and agreed that Consultant may rely upon information furnished to is reasonably believed to be accurate and reliable and that, except as herein provided, Consultant shall not be accountable for any loss suffered by the Company by reason of the Company's action or non-action on the basis of any advice, recommendation or approval of Consultant, its partners, employees or agents.

Appears in 1 contract

Samples: Financial Consulting Agreement (Team Communication Group Inc)

Liability of Consultant. In furnishing the Company with management ----------------------- advice and other services as herein provided, neither Consultant nor any officer, director or agent thereof shall be liable to the Company company or its creditors for errors of judgment or for anything except willful malfeasance, bad faith or gross negligence in the performance of its duties or reckless disregard or its obligations and duties under the terms of this Agreement. It is further understood and agreed that Consultant may rely upon information furnished to is as reasonably believed to be accurate and reliable and that, except as herein provided, Consultant shall not be accountable for any loss suffered by the Company by reason of the Company's action or non-action on the basis of any advice, recommendation or approval of Consultant, its partners, employees or agents.

Appears in 1 contract

Samples: Financial Consulting Agreement (Votan Corp)

Liability of Consultant. In furnishing the Company with management ----------------------- advice and other services as herein provided, neither Consultant nor any officer, director or agent thereof therefor shall be liable to the Company or its creditors for errors of judgment or for anything except willful malfeasance, bad faith or gross negligence in the performance of its duties or reckless disregard or of its obligations and duties under the terms of this Agreement. It is further understood and agreed that Consultant may rely upon information furnished to it that is reasonably believed to be accurate and reliable and that, except as herein provided, Consultant shall not be accountable for any loss suffered by the Company by reason of the Company's action or non-action on the basis of any advice, recommendation or approval of Consultant, its partners, employees or agents.

Appears in 1 contract

Samples: Financial Consulting Agreement (Stan Lee Media Inc)

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