Common use of Products and Warranties Clause in Contracts

Products and Warranties. INSURANCE Set forth on Exhibit J is a description or reference to all warranties made by Seller with respect to products sold by Seller during the last three (3) years. During the past three (3) years, Seller has maintained quality control and quality standards with respect to the products manufactured and sold by Seller consistent with industry standards and governmental (including FDA) requirements, and has not adversely altered the quality of such products in any material respect. Except as listed on Exhibit L, there have been no material departures by Seller or by products sold by Seller from such standard warranties in the last three (3) years. Seller has fully and accurately disclosed its information relating to returns or other claims (whether due to warranties or otherwise) of products to Seller during the past three years. Exhibit L details the product liability claims which have been made during the past four (4) years against Seller with respect to products sold by Seller, or with respect to predecessor products to the products sold by Seller. Said Exhibit L includes, without limitation, brief descriptions of the basis of any such claims, the outcome of the claim, including any amounts that had to be paid with respect thereto, and whether such claim was covered by insurance carried by Seller.

Appears in 4 contracts

Samples: Asset Purchase Agreement (Medgenesis Inc), Asset Purchase Agreement (Medgenesis Inc), Asset Purchase Agreement (Chronimed Inc)

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