Limitations on Rights and Obligations Sample Clauses
The 'Limitations on Rights and Obligations' clause defines specific boundaries or restrictions on the rights and duties that each party has under an agreement. In practice, this clause may specify actions that parties are not permitted to take, or clarify that certain rights are not granted, such as prohibiting the transfer of rights to third parties or limiting the scope of use of confidential information. Its core function is to prevent misunderstandings and disputes by clearly outlining what is and is not allowed, thereby managing expectations and reducing legal risk.
Limitations on Rights and Obligations. In addition to, and not in limitation of, any limitations set forth in the Agreement, the Parties agree that:
Limitations on Rights and Obligations. Notwithstanding any of the terms of this Agreement to the contrary, each of the rights of the Holder and the obligations of the Debtor are subject to the rights of the holders of Permitted Liens described herein.
Limitations on Rights and Obligations. Nothing in this Agreement shall be construed as:
(a) except as expressly set out in this Agreement, an obligation by FORBES to bring or prosecute or defend actions or suits against third parties for infringement of patents, copyrights, trademarks, industrial designs or other intellectual property rights or contractual rights, or
(b) except as expressly set out in this Agreement, the conferring by FORBES of the right to use in advertising or publicity the name of FORBES of or any of its trademarks.