Common use of Reciprocal Representations and Warranties Clause in Contracts

Reciprocal Representations and Warranties. Each Party represents and warrants to the other Party that: (a) this Agreement is a legal and valid obligation binding upon its execution and enforceable against it in accordance with its terms and conditions; and (b) the execution, delivery and performance of this Agreement by such Party has been duly authorized by all necessary corporate action, and the person executing this Agreement on behalf of such Party has been duly authorized to do so by all requisite corporate actions.

Appears in 9 contracts

Samples: Collaboration and License Agreement (Pozen Inc /Nc), Supply Agreement (Horizon Pharma, Inc.), Non Exclusive Product License Agreement (Micromet, Inc.)

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Reciprocal Representations and Warranties. Each Party represents and warrants to the other Party that: (ai) this Agreement is a legal and valid obligation binding upon its execution and enforceable against it in accordance with its terms and conditions; and (bii) the execution, delivery and performance of this Agreement by such Party has been duly authorized by all necessary corporate action, and (iii) the person executing this Agreement on behalf of such Party has been duly authorized to do so by all requisite corporate actions.

Appears in 5 contracts

Samples: Collaboration and License Agreement (Calithera Biosciences, Inc.), License Agreement (AVROBIO, Inc.), License Agreement (AVROBIO, Inc.)

Reciprocal Representations and Warranties. Each Party represents and warrants to the other Party that: (a) this Agreement is a legal and valid obligation binding upon its execution and enforceable against it in accordance with its terms and conditions; and (b) the ***Confidential Treatment Requested execution, delivery and performance of this Agreement by such Party has been duly authorized by all necessary corporate action, and the person executing this Agreement on behalf of such Party has been duly authorized to do so by all requisite corporate actions.

Appears in 2 contracts

Samples: Collaboration and License Agreement (Horizon Pharma, Inc.), Collaboration and License Agreement (Horizon Pharma, Inc.)

Reciprocal Representations and Warranties. Each Party hereby represents and warrants to the other Party that: (a) that as of the Effective Date the representing and warranting Party has the full legal right, power and authority to enter into and perform this Agreement; that this Agreement has been authorized by all requisite action within such representing and warranting Party; and that this Agreement is a legal and valid obligation legally binding upon its execution such representing and enforceable against it in accordance with its terms and conditions; and (b) the execution, delivery and performance of this Agreement by such Party has been duly authorized by all necessary corporate action, and the person executing this Agreement on behalf of such Party has been duly authorized to do so by all requisite corporate actionswarranting Party.

Appears in 2 contracts

Samples: How Assignment Agreement (TriVascular Technologies, Inc.), How Assignment Agreement (TriVascular Technologies, Inc.)

Reciprocal Representations and Warranties. Each Party represents and warrants to the other Party that: (ai) this Agreement is a legal and valid obligation binding upon its execution and enforceable against it in accordance with its terms and conditions; and (bii) the execution, delivery and performance of this Agreement by such Party has been duly authorized by all necessary corporate action, and the person executing this Agreement on behalf of such Party has been duly authorized to do so by all requisite corporate actions.

Appears in 1 contract

Samples: License Agreement (Rexahn Pharmaceuticals, Inc.)

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Reciprocal Representations and Warranties. Each Party represents and warrants to the other Party Parties hereto that: (ai) this Agreement is a legal and valid obligation binding upon its execution and enforceable against it in accordance with its terms and conditions; and (bii) the execution, delivery and performance of this Agreement by such Party has been duly authorized by all necessary corporate action, and the person executing this Agreement on behalf of such Party has been duly authorized to do so by all requisite corporate actions.

Appears in 1 contract

Samples: License Agreement (Micromet, Inc.)

Reciprocal Representations and Warranties. Each Party hereby represents and warrants to the other Party that: (a) that as of the Effective Date the representing and warranting Party has the full legal right, power and authority to enter into and perform this Agreement; that this Agreement is a legal and valid obligation binding upon its execution and enforceable against it in accordance with its terms and conditions; and (b) the execution, delivery and performance of this Agreement by such Party has been duly authorized by all necessary corporate action, and the person executing this Agreement on behalf of such Party has been duly authorized to do so by all requisite corporate actionsaction within such representing and warranting Party; and that this Agreement is legally binding upon such representing and warranting Party.

Appears in 1 contract

Samples: Assignment and License Agreement (Celladon Corp)

Reciprocal Representations and Warranties. Each Party hereby represents and warrants to the other Party that: that as of the Effective Date the representing and warranting Party has the full legal right, power and authority to enter into and perform this Agreement; that this Agreement has been authorized by all requisite action within such representing and warranting Party (a) in the case of a corporate entity); and that this Agreement is a legal and valid obligation legally binding upon its execution such representing and enforceable against it in accordance with its terms and conditions; and (b) the execution, delivery and performance of this Agreement by such Party has been duly authorized by all necessary corporate action, and the person executing this Agreement on behalf of such Party has been duly authorized to do so by all requisite corporate actionswarranting Party.

Appears in 1 contract

Samples: Assignment and License Agreement (Novan, Inc.)

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