Common use of Remedies; Indemnification Clause in Contracts

Remedies; Indemnification. The Company and Third Party each agree that its obligations set forth in this Agreement are necessary and reasonable in order to protect the disclosing party and its business. The Company and Third Party each expressly agree that due to the unique nature of the disclosing party’s Confidential Information, monetary damages would be inadequate to compensate the disclosing party for any breach by the receiving party of its covenants and agreements set forth in this Agreement. Accordingly, the Company and Third Party each agree and acknowledge that any such violation or threatened violation shall cause irreparable injury to the disclosing party and that, in addition to any other remedies that may be available, in law, in equity or otherwise, the disclosing party shall be entitled (a) to obtain injunctive relief against the threatened breach of this Agreement or the continuation of any such breach by the receiving party, without the necessity of proving actual damages, and (b) to be indemnified by the receiving party from any loss or harm, including but not limited to attorney’s fees, arising out of or in connection with any breach or enforcement of the receiving party’s obligations under this Agreement or the unauthorized use or disclosure of the disclosing party’s Confidential Information. The parties have executed this Mutual Nondisclosure Agreement as of the date first above written. SiTime Corporation By: Name:

Appears in 1 contract

Samples: Mutual Nondisclosure Agreement

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Remedies; Indemnification. The Company and Third Receiving Party each agree that its obligations set forth in this Agreement are necessary and reasonable in order to protect the disclosing party and its business. The Company and Third Receiving Party each expressly agree that due to the unique nature of the disclosing party’s Confidential Information, monetary damages would be inadequate to compensate the disclosing party for any breach by the receiving party of its covenants and agreements set forth in this Agreement. Accordingly, the Company and Third Receiving Party each agree and acknowledge that any such violation or threatened violation shall cause irreparable injury to the disclosing party and that, in addition to any other remedies that may be available, in law, in equity or otherwise, the disclosing party shall be entitled (ai) to obtain injunctive relief against the threatened breach of this Agreement or the continuation of any such breach by the receiving party, without the necessity of proving actual damagesdamages , and (bii) to be indemnified by the receiving party from any loss or harm, including but not limited to attorney’s fees, arising out of or in connection with any breach or enforcement of the receiving party’s obligations under this Agreement or the unauthorized use or disclosure of the disclosing party’s Confidential Information. The parties have executed this Mutual Nondisclosure Agreement as of the date first above written. SiTime Corporation By: Name:.

Appears in 1 contract

Samples: Mutual Nondisclosure Agreement

Remedies; Indemnification. The XXX and the Company and Third Party each agree that its obligations set forth in this Agreement are necessary and reasonable in order to protect the disclosing party and its business. The XXX and the Company and Third Party each expressly agree that due to the unique nature of the disclosing party’s Confidential Information, monetary damages would be inadequate to compensate the disclosing party for any breach by the receiving party of its covenants and agreements set forth in this Agreement. Accordingly, XXX and the Company and Third Party each agree and acknowledge that any such violation or threatened violation shall cause irreparable injury to the disclosing party and that, in addition to any other remedies that may be available, in law, in equity or otherwise, the disclosing party shall be entitled (a) to obtain injunctive relief against the threatened breach of this Agreement or the continuation of any such breach by the receiving party, without the necessity of proving actual damages, and (b) to be indemnified by the receiving party from any loss or harm, including but not limited to reasonable attorney’s fees, arising out of or in connection with any breach or enforcement of the receiving party’s obligations under this Agreement or the unauthorized use or disclosure of the disclosing party’s Confidential Information. The parties have executed this Mutual Nondisclosure Agreement as of the date first above written. SiTime Corporation By: Name:.

Appears in 1 contract

Samples: Mutual Nondisclosure Agreement

Remedies; Indemnification. The Company and Third Party Recipient each agree that its obligations set forth in this Agreement are necessary and reasonable in order to protect the disclosing party and its business. The Company and Third Party Recipient each expressly agree that due to the unique nature of the disclosing party’s Confidential Information, monetary damages would be inadequate to compensate the disclosing party for any breach by the receiving party of its covenants and agreements set forth in this Agreement. Accordingly, the Company and Third Party Recipient each agree and acknowledge that any such violation or threatened violation shall cause irreparable injury to the disclosing party and that, in addition to any other remedies that may be available, in law, in equity or otherwise, the disclosing party shall be entitled (a) to obtain injunctive relief against the threatened breach of this Agreement or the continuation of any such breach by the receiving party, without the necessity of proving actual damages, and (b) to be indemnified by the receiving party from any loss or harm, including but not limited to attorney’s fees, arising out of or in connection with any breach or enforcement of the receiving party’s obligations under this Agreement or the unauthorized use or disclosure of the disclosing party’s Confidential Information. The parties have executed this Mutual Nondisclosure Agreement as of the date first above written. SiTime Corporation By: Name:.

Appears in 1 contract

Samples: Disclosure Agreement

Remedies; Indemnification. The Company and Third Party Counterparty each agree that its obligations set forth in this Agreement are necessary and reasonable in order to protect the disclosing party Disclosing Party and its business. The Company and Third Party Counterparty each expressly agree that due to the unique nature of the disclosing partyDisclosing Party’s Confidential Information, monetary damages would be inadequate to compensate the disclosing party Disclosing Party for any breach by the receiving party Receiving Party of its covenants and agreements set forth in this Agreement. Accordingly, the Company and Third Party Counterparty each agree and acknowledge that any such violation or threatened violation shall cause irreparable injury to the disclosing party Disclosing Party and that, in addition to any other remedies that may be available, in law, in equity or otherwise, the disclosing party Disclosing Party shall be entitled (a) to obtain injunctive relief against the threatened breach of this Agreement or the continuation of any such breach by the receiving partyReceiving Party, without the necessity of proving actual damages, and (b) to be indemnified by the receiving party Receiving Party from any loss or harm, including but not limited to attorney’s fees, arising out of or in connection with any breach or enforcement of the receiving partyReceiving Party’s obligations under this Agreement or the unauthorized use or disclosure of the disclosing partyDisclosing Party’s Confidential Information. The parties have executed this Mutual Nondisclosure Agreement as of the date first above written. SiTime Corporation By: Name:.

Appears in 1 contract

Samples: Mutual Nondisclosure Agreement

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Remedies; Indemnification. The Company and Third Party each agree that its obligations set forth in this Agreement are necessary and reasonable in order to protect the disclosing party and its business. The Company and Third Party each expressly agree that due to the unique nature of the disclosing party’s Confidential Information, monetary damages would be inadequate to compensate the disclosing party for any breach by the receiving party of its covenants and agreements set forth in this Agreement. Accordingly, the Company and Third Party each agree and acknowledge that any such violation or threatened violation shall cause irreparable injury to the disclosing party and that, in addition to any other remedies that may be available, in law, in equity or otherwise, the disclosing party shall be entitled (a) to obtain injunctive relief against the threatened breach of this Agreement or the continuation of any such breach by the receiving party, without the necessity of proving actual damages, and (b) to be indemnified by the receiving party from any loss or harm, including but not limited to attorney’s fees, arising out of or in connection with any breach or enforcement of the receiving party’s obligations under this Agreement or the unauthorized use or disclosure of the disclosing party’s Confidential Information. The parties have executed this Mutual Nondisclosure Agreement as of the date first above written. SiTime Corporation By: Name:.

Appears in 1 contract

Samples: Mutual Nondisclosure Agreement

Remedies; Indemnification. The Company and Third Party Institution each agree that its obligations set forth in this Agreement are necessary and reasonable in order to protect the disclosing party and its business. The Company and Third Party Institution each expressly agree that due to the unique nature of the disclosing party’s Confidential Information, monetary damages would be inadequate to compensate the disclosing party for any breach by the receiving party of its covenants and agreements set forth in this Agreement. Accordingly, the Company and Third Party Institution each agree and acknowledge that any such violation or threatened violation shall cause irreparable injury to the disclosing party and that, in addition to any other remedies that may be available, in law, in equity or otherwise, the disclosing party shall be entitled (a) to obtain injunctive relief against the threatened breach of this Agreement or the continuation of any such breach by the receiving party, without the necessity of proving actual damages, and (b) to be indemnified by the receiving party from any loss or harm, including but not limited to attorney’s fees, arising out of or in connection with any breach or enforcement of the receiving party’s obligations under this Agreement or the unauthorized use or disclosure of the disclosing party’s Confidential Information. The parties have executed this Mutual Nondisclosure Agreement as of the date first above written. SiTime Corporation By: Name:.

Appears in 1 contract

Samples: Mutual Nondisclosure Agreement

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