Common use of Product Liability Clause in Contracts

Product Liability. Seller has no Liability (and there is no Basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against it giving rise to any Liability) arising out of any injury to individuals or property as a result of the ownership, possession, or use of the Software or the Online Properties.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Findex Com Inc), Asset Purchase Agreement (Findex Com Inc)

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Product Liability. Seller has no To the Buyer’s knowledge, the Buyer does not have any Liability (and there is no Basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against it any of them giving rise to any Liability) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product manufactured, sold, leased, or delivered by the Software or the Online PropertiesBuyer.

Appears in 2 contracts

Samples: Stock for Stock Exchange Agreement (Vincera, Inc.), Stock for Stock Exchange Agreement (Vincera, Inc.)

Product Liability. Neither Seller has no any Liability (and there is no Basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against it such Seller giving rise to any Liability) arising out of any injury to individuals or property as a result of the ownership, possession, or use of the Software any product manufactured, sold, leased, or the Online Propertiesdelivered by either Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Source Information Management Co)

Product Liability. To the Seller's Knowledge, the Seller has no Liability liability (and there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against it any of them giving rise to any Liabilityliability) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any Purchased Product manufactured, sold, or delivered by the Software or the Online PropertiesSeller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Cox Technologies Inc)

Product Liability. The Seller has no Liability (and there is no Basis for any present or future charge, complaint, action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against it any of them giving rise to any Liability) arising out of any injury to individuals persons or property as a result of the ownership, possession, or use of any product manufactured, sold, leased, or delivered by the Software or the Online PropertiesSeller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Quixote Corp)

Product Liability. Seller has no To Seller's Knowledge, the Business does not have any material Liability (and there is no Basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against it giving rise to any Liability) arising out of any injury to individuals or property as a result of the ownership, possession, possession or use of any product manufactured, sold, leased or delivered by the Software or the Online PropertiesBusiness.

Appears in 1 contract

Samples: Stock Purchase Agreement (Tecumseh Products Co)

Product Liability. Seller has no Liability (and there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against it any Seller giving rise to any Liability) arising out of any injury to individuals or property as a result of the ownership, possession, ownership or use operation of the Software Business or the Online PropertiesPurchased Assets.

Appears in 1 contract

Samples: Asset Purchase Agreement (Corvel Corp)

Product Liability. Seller To the knowledge of Seller, the Business has no substantial Liability (and there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against it Seller giving rise to any Liability) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product manufactured, sold, or delivered by Seller relating to the Software Facility or the Online PropertiesPurchased Assets.

Appears in 1 contract

Samples: Asset Purchase Agreement (Crown Vantage Inc)

Product Liability. Seller has Sellers have no Liability (and and, to the best of Sellers' Knowledge, there is no Basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against it them giving rise to any Liability) arising out of any injury to individuals or property as a result of the ownership, possession, or use of the Software any product manufactured, sold, leased, or the Online Propertiesdelivered by Sellers.

Appears in 1 contract

Samples: Asset Acquisition Agreement (Del Webb Corp)

Product Liability. Seller The Buyer has no Liability liability (and there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against it any of them giving rise to any Liabilityliability) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product manufactured, sold, leased, or delivered by the Software or the Online PropertiesBuyer.

Appears in 1 contract

Samples: Asset Purchase and Sale Agreement (Spectra Systems Corp)

Product Liability. Seller has no Liability (and there is no Basis for any present or future charge, complaint, action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against it giving rise to any Liability) arising out of any injury to individuals persons or property as a result of the ownership, possession, or use of any product manufactured, sold, leased, or delivered by Seller in connection with the Software or the Online PropertiesBusiness.

Appears in 1 contract

Samples: Asset Purchase Agreement (Cardiodynamics International Corp)

Product Liability. The Seller has no Liability (and there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against it any of them giving rise to any Liability) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product manufactured, sold, leased, or delivered by the Software or the Online PropertiesSeller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Alpha Technologies Group Inc)

Product Liability. Seller has no Liability (and there is no Basis for The Buyer does not have any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claimpending, or demand against it giving rise to any Liability) the Buyer’s Knowledge, threatened, liability arising out of any from or related to personal injury to of, or property damage or economic loss to, individuals or property property, as the case may be, as a result of the ownership, possession, or use (not including possession or use by employees or contractors of the Software Buyer) of any product manufactured, sold, leased, consigned or delivered by the Online PropertiesBuyer.

Appears in 1 contract

Samples: Merger Agreement (Healthsport, Inc.)

Product Liability. Seller has no Liability (liability for, and to sellers knowledge, after reasonable investigations, where practicable, there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, claim or demand against it giving the Seller which could give rise to to, any Liability) liability arising out of any injury to individuals or property as a result of the ownershipuse of any product manufactured, possessionsold, or use of delivered by the Software or the Online Properties.Seller. 4.23

Appears in 1 contract

Samples: Stock Purchase Agreement (Caraco Pharmaceutical Laboratories LTD)

Product Liability. Seller To Sellers' knowledge it has no Liability (and there is no Basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against it giving rise to any Liability) liabilities arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product or by-product manufactured, sold, leased, transported, exchanged, swapped, conveyed or delivered by the Software or the Online PropertiesSellers' he me Business.

Appears in 1 contract

Samples: Definitive Agreement (Wellstar International, Inc.)

Product Liability. No Seller has no any Liability (and there is no ----------------- Basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against it any of them giving rise to any Liability) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any of the Software or the Online PropertiesAcquired Assets.

Appears in 1 contract

Samples: Asset Purchase Agreement (Interpore International /Ca/)

Product Liability. Seller has no Liability (and there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against it any of them giving rise to any Liability) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product manufactured, sold, leased, or delivered by Seller to the Software or the Online PropertiesRetail Customers.

Appears in 1 contract

Samples: Asset Purchase Agreement (Hillman Companies Inc)

Product Liability. Seller has no Liability To the Best Knowledge of Seller, the Company does not have any liability (and there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand action against it the Company giving rise to any Liabilityliability) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product designed, manufactured, sold, leased, or delivered by the Software or the Online PropertiesCompany.

Appears in 1 contract

Samples: Share Purchase Agreement (PMFG, Inc.)

Product Liability. Neither Seller nor the Business has no any Liability (and there is no Basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against it giving rise to any Liability) arising out of any injury to individuals or property as a result of the sale of the Products, ownership, possession, possession or use of any of the Software Acquired Assets or operation of the Online PropertiesBusiness.

Appears in 1 contract

Samples: Asset Purchase Agreement (Ap Pharma Inc /De/)

Product Liability. Seller has no Liability liability (and and, to the knowledge ----------------- of Seller, there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, claim or demand against it giving rise to any Liabilityliability) arising out of any injury to individuals or property as a result of the ownership, possession, possession or use of the Software any product manufactured, sold, leased or the Online Propertiesdelivered by Seller.

Appears in 1 contract

Samples: Technology Purchase Agreement (Lasersight Inc /De)

Product Liability. Seller To the knowledge of the Vendor, the Vendor has no Liability liability (and there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against it any of them giving rise to any Liabilityliability) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product manufactured, sold, leased, or delivered by the Software or Vendor in the Online PropertiesPurchased Business.

Appears in 1 contract

Samples: Asset Purchase Agreement (Bell Microproducts Inc)

Product Liability. To the Seller’s Knowledge, neither the Seller has no nor its Subsidiaries have any Liability (and there is no Basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against it any of them giving rise to any Liability) arising out of any injury or damage to individuals or property as a result of the ownership, possession, or use of any products sold, provided, or delivered by the Software Seller or the Online Propertiesits Subsidiaries.

Appears in 1 contract

Samples: Asset Purchase Agreement (Nexgel, Inc.)

Product Liability. Seller has no To the best of Sellers' Actual Knowledge, the Company does not have any Liability (and there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against it giving rise to any Liability) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product manufactured, sold, leased, or delivered by the Software or the Online PropertiesCompany.

Appears in 1 contract

Samples: Stock Purchase Agreement (Glacier Corp)

Product Liability. Seller To the knowledge of the Sellers, none of the Sellers has no any Liability (and and, to the Sellers’ knowledge, there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, Action or demand Proceeding against it any of them giving rise to any Liability) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product manufactured, sold, licensed, leased or delivered by any Seller in connection with the Software or the Online PropertiesBusiness.

Appears in 1 contract

Samples: Asset Purchase Agreement (Safenet Inc)

Product Liability. The Seller has no Liability (and there is no Basis ------------------ for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against it the Seller giving rise to any Liability) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product manufactured, sold, leased, or delivered by the Software or the Online PropertiesSeller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Benthos Inc)

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Product Liability. Seller has no Liability does not know of any liability (and ----------------- there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, claim or demand against it giving rise to any Liabilityliability) arising out of any injury to individuals or property as a result of the ownership, possession, or use of the Software any product manufactured, sold leased, or the Online Propertiesdelivered by Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Thinka Weight Loss Corp)

Product Liability. Seller To the Sellers' Knowledge, the Company has no ----------------- Liability (and to the Sellers' Knowledge there is no Basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against it any of them giving rise to any Liability) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product manufactured, sold, leased, or delivered by the Software or the Online PropertiesCompany.

Appears in 1 contract

Samples: Stock Purchase Agreement (Intellisys Group Inc)

Product Liability. The Seller has no Liability (and there is no Basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against it any of them giving rise to any Liability) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product manufactured, sold, leased, or delivered by the Software or the Online PropertiesSeller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Rmi Net Inc)

Product Liability. Seller The Purchaser has no Liability liability (and and, to the Purchaser’s Knowledge, there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, Legal Proceeding or demand Order against it the Purchaser giving rise to any Liabilityliability) arising out of any injury to individuals or property as a result of the ownership, possession, possession or use of any product sold or delivered by the Software Purchaser or the Online Propertiesits Affiliates.

Appears in 1 contract

Samples: Stock Purchase Agreement (Science Dynamics Corp)

Product Liability. Seller has To Sellers’ Knowledge, the Sellers have no Liability liability (and there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, claim or demand against it any of them giving rise to any Liabilityliability) arising out of any injury to individuals or property as a result of the ownership, possession, possession or use of any product manufactured, sold, leased or delivered by the Software or the Online PropertiesSellers.

Appears in 1 contract

Samples: Asset Purchase Agreement (Nature Vision, Inc.)

Product Liability. None of the Seller and its Subsidiaries has no Liability any liability (and there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against it any of them giving rise to any Liabilityliability) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product manufactured, sold, leased, or delivered by any of the Software or the Online PropertiesSeller and its Subsidiaries.

Appears in 1 contract

Samples: Asset Purchase and Sale Agreement (Spectra Systems Corp)

Product Liability. To the extent related to the Business, none of Seller has no Liability (or any of its Subsidiaries have any product liability, and to the knowledge of Seller, there is no Basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, claim or demand against it Seller or any of its Subsidiaries and related to the Business giving rise rights to any Liability) product liability arising out of any injury to individuals or property as a result of the ownership, possession, possession or use of the Software any product sold or the Online Propertieslicensed or delivered by Seller or any of its Subsidiaries.

Appears in 1 contract

Samples: Asset Purchase Agreement (Princeton Review Inc)

Product Liability. Seller None of Sellers or any of their Subsidiaries has no any material Liability (and to the Knowledge of Sellers, there is no Basis valid basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against it giving any of them that, if adversely determined, would give rise to any material Liability) arising out of any injury to individuals or property as a result of the ownership, possession, or use of the Software any product manufactured, sold, leased, or the Online Propertiesdelivered by any Seller or any of its Subsidiaries.

Appears in 1 contract

Samples: Asset Purchase Agreement (Riverstone Networks Inc)

Product Liability. Seller has no does not have any Liability (and and, to Seller's Knowledge, there is no Basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against it Seller giving rise to any Liability) arising out of any injury to individuals or property as a result of the ownership, possession, or use of the Software any product sold or the Online Propertiesdelivered by Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Phoenix Footwear Group Inc)

Product Liability. Neither the Seller nor the Seller's Business has no any Liability (and there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against it any of them giving rise to any Liability) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product manufactured, sold, leased, or delivered by the Software Seller or the Online PropertiesSeller's Business.

Appears in 1 contract

Samples: Asset Purchase Agreement (Liska Biometry Inc)

Product Liability. The Seller has no does not have any Liability (and there is no Basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against it any of them giving rise to any Liability) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product manufactured, sold, leased, or delivered by the Software or the Online PropertiesSeller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Chyron Corp)

Product Liability. Seller has no Liability (and there is to Seller's knowledge no Basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against it giving has been threatened that would give rise to any LiabilityLiability of Seller) arising out of any injury to individuals or property as a result of the ownership, possession, or use of the Software any product manufactured, sold, leased, or the Online Propertiesdelivered by Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Symphonix Devices Inc)

Product Liability. Seller has no Liability (and there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against it any of them giving rise to any Liability) arising out of any injury to individuals or property as a result of the ownership, possession, or use of the Software any product manufactured, sold, leased, or the Online Propertiesdelivered by Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Arrhythmia Research Technology Inc /De/)

Product Liability. Seller has no Liability liability (and and, to the best of Seller's knowledge, there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, claim or demand against it Seller giving rise to any Liabilityliability) arising out of any injury to individuals or property as a result of the ownership, possession, possession or use of the Software any product manufactured, sold, leased or the Online Propertiesdelivered by Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Schick Technologies Inc)

Product Liability. Seller To the Seller's Knowledge, it has no Liability (and there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against it any of them giving rise to any Liability) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product manufactured, sold, or delivered by the Software or the Online Properties.Seller. 3.23

Appears in 1 contract

Samples: Asset Purchase Agreement (New England Business Service Inc)

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