Proprietary Indemnity Clause Samples
A Proprietary Indemnity clause requires one party to compensate the other for losses or damages arising from breaches related to proprietary rights, such as intellectual property or confidential information. In practice, this means if a party's use of proprietary materials leads to a third-party claim—like copyright infringement—the responsible party must cover legal costs and damages. The core function of this clause is to allocate risk and protect parties from financial harm resulting from unauthorized use or disclosure of proprietary assets.
Proprietary Indemnity. During the term of this Agreement, and after --------------------- termination for default or otherwise, the Licensee covenants, warrants and agrees that it will indemnify and compensate the Licensors for any loss of the technology behind the Hyperstealth Technology or damage to the hyperbaric ▇▇▇▇▇▇▇▇ or the Licensors' reputation by any act, commission, negligence, failure to act or failure to defend the Hyperstealth Technology.
Proprietary Indemnity