Terms and Conditions of Contracts for Projects from POME by Gautam Koppala VT
Agreement.
Intellectual Property Indemnification:
An intellectual property indemnification clause protects Project/ Product/ Services Organization if a supplier’s goods or services are alleged or found to infringe the intellectual property rights of a third party. The supplier (the indemnitor) is required to pay any costs incurred by Project/ Product/ Services Organization or its customers (the indemnitees) in connection with the defense of the claim and any settlement or judgment. In addition, if Project/ Product/ Services Organization is enjoined from obtaining the goods or services in question from supplier, supplier is required to provide Project/ Product/ Services Organization with alternative, noninfringing goods or services. When Project/ Product/ Services Organization buys goods that are incorporated into a Project/ Product/
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