Common use of Action at Law Clause in Contracts

Action at Law. KSTC may commence an appropriate legal or equitable action to enforce Grantee’s performance of the terms, covenants and conditions of this Grant Agreement. In the event any legal action or other dispute arises relating to this Agreement, KSTC shall be entitled to recover its reasonable costs and expenses, including fees incurred for attorneys, accountants, expert witnesses and other professionals as a result of such action or dispute. If there is any Event of Default under this Grant Agreement, Grantee promises to pay to KSTC its reasonable attorneys’ fees and court costs incurred in enforcing performance under this Agreement, collecting or attempting to collect, or securing or attempting to secure the balance due to the extent allowed by law.

Appears in 4 contracts

Samples: Grant Agreement (Zynerba Pharmeceuticals, Inc.), Grant Agreement (Zynerba Pharmeceuticals, Inc.), Grant Agreement (Zynerba Pharmeceuticals, Inc.)

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