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Section 3.27 of the Disclosure Letter sets forth:\n(a) a list of all forms of written warranties, guarantees and written warranty policies of the Company and any Subsidiary in respect of any of the Company Products which are currently in effect (the \"Warranty Obligations\"), and the duration of each such Warranty Obligation;\n(b) each of the Warranty Obligations which is subject to any dispute or, to the knowledge of the Company, any threatened dispute; and\n(c) the experience of the Company and its Subsidiaries with respect to warranties, guarantees and warranty policies of or relating to the Company Products and services. True and correct copies of all forms of Warranty Obligations have been delivered to SUTIOC prior to the execution of this Agreement. There have not been any material deviations from the Warranty Obligations, and salespersons, employees and agents of the Company and its Subsidiaries are not authorized to undertake obligations to any customer or other person in excess of or materially different from such Warranty Obligations. The Financial Statements reflect adequate and appropriate reserves for all Warranty Obligations. All products designed, licensed, or sold by the Company and its Subsidiaries are and were free from material defects in design and satisfy in all material respects the written requirements therefor set forth in any and all contracts, agreements, purchase orders, Warranty Obligations or other specifications or agreements related thereto.", "hash": "3278a0eefba70210700816f79eb8c228", "id": 6}, {"samples": [{"hash": "vTa7fYabaB", "uri": "/contracts/vTa7fYabaB#warranties-indemnities", "label": "License Agreement (Celtrix Pharmaceuticals Inc)", "score": 18.0, "published": true}, {"hash": "9AwEI3YoRfA", "uri": "/contracts/9AwEI3YoRfA#warranties-indemnities", "label": "License Agreement (Insmed Inc)", "score": 18.0, "published": true}], "size": 7, "snippet_links": [{"key": "as-of-the-effective-date", "type": "clause", "offset": [61, 85]}, {"key": "best-knowledge", "type": "definition", "offset": [97, 111]}, {"key": "right-to-grant", "type": "clause", "offset": [129, 143]}, {"key": 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"without-limitation", "type": "clause", "offset": [921, 939]}, {"key": "united-states-federal", "type": "definition", "offset": [1041, 1062]}, {"key": "applicable-foreign-law", "type": "definition", "offset": [1095, 1117]}, {"key": "interstate-commerce", "type": "definition", "offset": [1182, 1201]}, {"key": "in-addition-to", "type": "clause", "offset": [1208, 1222]}, {"key": "other-indemnifications", "type": "clause", "offset": [1227, 1249]}, {"key": "indemnify-and-hold-harmless", "type": "clause", "offset": [1282, 1309]}, {"key": "officers-and-directors", "type": "definition", "offset": [1385, 1407]}, {"key": "reasonable-attorney", "type": "definition", "offset": [1479, 1498]}, {"key": "fees-and-expenses", "type": "clause", "offset": [1501, 1518]}, {"key": "sustained-by", "type": "clause", "offset": [1532, 1544]}, {"key": "arising-out-of", "type": "definition", "offset": [1551, 1565]}, {"key": "breach-of-any", "type": "clause", "offset": [1574, 1587]}, {"key": "act-or-omission", 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"clause", "offset": [2835, 2848]}, {"key": "the-investigation", "type": "clause", "offset": [2894, 2911]}, {"key": "consent-of-the", "type": "clause", "offset": [3064, 3078]}, {"key": "reasonable-steps-to-mitigate", "type": "clause", "offset": [3185, 3213]}, {"key": "any-loss", "type": "definition", "offset": [3214, 3222]}, {"key": "in-respect-of", "type": "clause", "offset": [3236, 3249]}, {"key": "notwithstanding-anything-to-the-contrary", "type": "clause", "offset": [3285, 3325]}, {"key": "in-this-agreement", "type": "clause", "offset": [3326, 3343]}, {"key": "in-no-event-shall", "type": "clause", "offset": [3345, 3362]}, {"key": "representation-or-warranty", "type": "clause", "offset": [3417, 3443]}, {"key": "other-term", "type": "clause", "offset": [3458, 3468]}, {"key": "duty-of", "type": "clause", "offset": [3476, 3483]}, {"key": "common-law", "type": "clause", "offset": [3484, 3494]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [3517, 3540]}, {"key": "loss-or-damage", "type": "definition", "offset": [3607, 3621]}, {"key": "loss-of-profit", "type": "clause", "offset": [3635, 3649]}, {"key": "their-employees", "type": "definition", "offset": [3732, 3747]}, {"key": "the-licenses", "type": "clause", "offset": [3802, 3814]}, {"key": "without-recourse", "type": "clause", "offset": [3845, 3861]}, {"key": "fitness-for-a-particular-purpose", "type": "clause", "offset": [3961, 3993]}, {"key": "infringement-of-third-party-rights", "type": "clause", "offset": [3998, 4032]}], "snippet": "8.1. Elan represents and warrants to Newco and Celtrix that, as of the Effective Date, to Elan's best knowledge (a) Elan has the right to grant the Elan License and any other rights granted herein, (b) Schedule 1 contains the Elan Patent Rights existing as of the Effective Date, and (c) [*****]\n8.2. Newco represents and warrants to Elan that the execution of this Agreement by Newco and the full performance and enjoyment of the rights of Newco under this Agreement will not breach the terms and conditions of any license, contract, understanding or agreement, whether express, implied, written or oral between Newco and any third party.\n8.3. Newco represents and warrants to Elan that the Products shall be developed, transported, stored, handled, packaged, marketed, promoted, distributed, offered for sale and sold in accordance with all regulations and requirements of the FDA and Regulatory Authorities including, without limitation, cGCP, cGLP, cGMP regulations. The Products shall not be adulterated or misbranded as defined by the United States Federal Food, Drug and Cosmetic Act (or applicable foreign law) and shall not violate any section of such Act if introduced in interstate commerce.\n8.4. In addition to any other indemnifications provided for herein, Elan shall indemnify and hold harmless Newco and its Affiliates and their respective employees, agents, partners, officers and directors from and against any claims, losses, liabilities or damages (including reasonable attorney's fees and expenses) incurred or sustained by Newco arising out of any (a) breach of any representation, covenant, warranty or obligation by Elan hereunder, or (b) any act or omission on the part of Elan or any of its agents or employees in the performance of this Agreement.\n8.5. In addition to any other indemnifications provided for herein, Newco shall indemnify and hold harmless Elan and its Affiliates and their respective employees, agents, partners, officers and directors from and against any claims, losses, liabilities or damages [*****] INDICATES THAT CONFIDENTIAL MATERIAL HAS BEEN OMITTED AND FILED SEPARATELY IN A REQUEST FOR CONFIDENTIAL TREATMENT WITH THE SECURITIES AND EXCHANGE COMMISSION. (including reasonable attorney's fees and expenses) incurred or sustained by Elan arising out of or in connection with any (a) breach of any representation, covenant, warranty or obligation by Newco hereunder, or (b) any act or omission on the part of Newco or any of its agents or employees in the performance of this Agreement .\n8.6. The Party seeking an indemnity shall:\n8.6.1 fully notify the other Party of any claim or proceeding, or threatened claim or proceeding within thirty (30) days of becoming aware of such claim or threatened claim;\n8.6.2 permit the indemnifying Party to take sole control of the defense and/or settlement of such claim or proceeding;\n8.6.3 cooperate in the investigation, defense and/or settlement of such claim or proceeding;\n8.6.4 not compromise or otherwise settle any such claim or proceeding without the prior written consent of the other Party, which consent shall not be unreasonably withheld, conditioned or delayed; and\n8.6.5 take all reasonable steps to mitigate any loss or liability in respect of any such claim or proceeding.\n8.7. NOTWITHSTANDING ANYTHING TO THE CONTRARY IN THIS AGREEMENT, IN NO EVENT SHALL ELAN OR NEWCO BE LIABLE TO THE OTHER BY REASON OF ANY REPRESENTATION OR WARRANTY, CONDITION OR OTHER TERM OR ANY DUTY OF COMMON LAW, OR UNDER THE EXPRESS TERMS OF THIS AGREEMENT, FOR ANY CONSEQUENTIAL, INCIDENTAL, SPECIAL, PUNITIVE OR INDIRECT LOSS OR DAMAGE (WHETHER FOR LOSS OF PROFIT OR OTHERWISE) AND WHETHER OCCASIONED BY THE NEGLIGENCE OF THE RESPECTIVE PARTIES, THEIR EMPLOYEES OR AGENTS OR OTHERWISE.\n8.8. [*****] ELAN IS GRANTING THE LICENSES HEREUNDER ON AN \"AS IS\" BASIS WITHOUT RECOURSE, REPRESENTATION OR WARRANTY WHETHER EXPRESS OR IMPLIED, INCLUDING WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, OR INFRINGEMENT OF THIRD PARTY RIGHTS, AND ALL SUCH WARRANTIES ARE EXPRESSLY DISCLAIMED.", "hash": "ca5f016104f8134a75c7bb536fa37959", "id": 8}, {"samples": [{"hash": "kBy4kIjhNmf", "uri": "/contracts/kBy4kIjhNmf#warranties-indemnities", "label": "Agreement and Plan of Reorganization (Taleo Corp)", "score": 21.0, "published": true}, {"hash": "hWoaZGrT5qT", "uri": "/contracts/hWoaZGrT5qT#warranties-indemnities", "label": "Merger Agreement (NMS Communications Corp)", "score": 21.0, "published": true}, {"hash": "6avWcLzSuPC", "uri": "/contracts/6avWcLzSuPC#warranties-indemnities", "label": "Share Purchase Agreement (Actuate Corp)", "score": 21.0, "published": true}], "size": 12, "snippet_links": [{"key": "warranties-and-indemnities", "type": "clause", "offset": [15, 41]}, {"key": "contained-in", "type": "definition", "offset": [42, 54]}, {"key": "contracts-and-agreements", "type": "clause", "offset": [61, 85]}, {"key": "disclosure-schedule", "type": "definition", "offset": [122, 141]}, {"key": "warranties-implied-by-law", "type": "clause", "offset": [146, 171]}, {"key": "neither-the-company", "type": "definition", "offset": [173, 192]}, {"key": "relating-to", "type": "definition", "offset": [261, 272]}, {"key": "services-rendered", "type": "definition", "offset": [304, 321]}, {"key": "by-the-company", "type": "clause", "offset": [322, 336]}], "snippet": "Except for the warranties and indemnities contained in those contracts and agreements set forth in Section 2.15(l) of the Disclosure Schedule and warranties implied by law, neither the Company nor any of its Subsidiaries has given any warranties or indemnities relating to products or technology sold or services rendered by the Company or any of its Subsidiaries.", "hash": "01cbfd4c2d5b398b02fd94296953c088", "id": 3}, {"samples": [{"hash": "aLzXn7yjaqh", "uri": "/contracts/aLzXn7yjaqh#warranties-indemnities", "label": "Merger Agreement (Comscore, Inc.)", "score": 21.0, "published": true}, {"hash": "eSL3PuR8aco", "uri": "/contracts/eSL3PuR8aco#warranties-indemnities", "label": "Asset Purchase Agreement (Aspire International, Inc.)", "score": 20.1279945374, "published": true}, {"hash": "lzACEjL5osg", "uri": "/contracts/lzACEjL5osg#warranties-indemnities", "label": "Stock Purchase Agreement (Textechnologies, Inc.)", "score": 19.0, "published": true}], "size": 10, "snippet_links": [{"key": "the-company-has", "type": "clause", "offset": [0, 15]}, {"key": "relating-to", "type": "definition", "offset": [56, 67]}, {"key": "services-rendered", "type": "definition", "offset": [111, 128]}, {"key": "by-the-company", "type": "clause", "offset": [129, 143]}], "snippet": "The Company has not given any warranties or indemnities relating to products or technology sold or licensed or services rendered by the Company.", "hash": "4b35cb9069f6eb803e263b75e4935808", "id": 5}], "next_curs": "Cl8SWWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjsLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ih93YXJyYW50aWVzLWluZGVtbml0aWVzIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"children": [["warranties", "Warranties"], ["indemnification-procedure", "Indemnification Procedure"], ["indemnity", "Indemnity"], ["limitation-of-liability", "Limitation of Liability"], ["warranties-of-anthra", "Warranties of Anthra"]], "title": "Warranties; Indemnities", "parents": [["representations-and-warranties-of-the-company", "REPRESENTATIONS AND WARRANTIES OF THE COMPANY"], ["representations-and-warranties-of-the-company-and-the-principal-shareholders", "REPRESENTATIONS AND WARRANTIES OF THE COMPANY                          AND THE PRINCIPAL SHAREHOLDERS"], ["representations-and-warranties-of-seller", "REPRESENTATIONS AND WARRANTIES OF SELLER"], ["representations-and-warranties", "Representations and Warranties"], ["representations-and-warranties-of-the-company-and-the-shareholders", "REPRESENTATIONS AND WARRANTIES OF THE COMPANY                               AND THE SHAREHOLDERS"]], "size": 286, "id": "warranties-indemnities", "related": [["warranties-indemnification", "Warranties Indemnification", "Warranties Indemnification"], ["warranties-and-indemnities", "WARRANTIES AND INDEMNITIES", "WARRANTIES AND INDEMNITIES"], ["representations-and-warranties-indemnification", "Representations and Warranties Indemnification", "Representations and Warranties Indemnification"], ["representations-warranties-and-indemnities", "Representations, Warranties and Indemnities", "Representations, Warranties and Indemnities"], ["warranties-and-indemnity", "Warranties and Indemnity", "Warranties and Indemnity"]], "related_snippets": [], "updated": "2025-07-10T04:27:38+00:00", "also_ask": ["What are the minimum warranties and indemnities that must be included to protect my client\u2019s interests?", "How can the scope of indemnities be strategically limited or expanded during negotiations?", "What are the most common pitfalls or fatal flaws in drafting warranties and indemnities?", "How do courts typically interpret and enforce warranty and indemnity clauses in this jurisdiction?", "How do these warranties and indemnities compare to industry standards or similar agreements?"], "drafting_tip": "Specify the scope of warranties and indemnities to avoid ambiguity; allocate liability clearly to ensure enforceability; define exclusions to limit unintended exposure.", "explanation": "The 'Warranties; Indemnities' clause sets out the assurances each party makes regarding the accuracy of information, performance of obligations, or the quality of goods and services, and establishes the responsibility to compensate the other party for certain losses or damages. In practice, this clause may require one party to guarantee that their products are free from defects or that they have the authority to enter into the agreement, and to indemnify the other party against claims arising from breaches of these assurances. Its core function is to allocate risk between the parties by providing remedies if representations prove false or if one party suffers loss due to the other's actions or omissions."}, "json": true, "cursor": ""}}