Terms and Conditions of Contracts for Projects from POME by Gautam Koppala VT
Services Organization product or licensed or sold on a stand-alone basis as part of Project/ Product/ Services Organization’s product portfolio, it is critical that Project/ Product/ Services Organization obtain from its suppliers adequate protection for Project/ Product/ Services Organization and Project/ Product/ Services Organization’s customers if the goods do or are alleged to infringe third party intellectual property rights.
Policy & Guidance:
An intellectual property indemnification clause must be included in all sourcing agreements.
Standard Recommended Clause:
Intellectual Property Indemnification
For Goods provided under this Purchase Order, Supplier will, at its expense, defend and indemnify Indemnitee from and against any and all loss, cost, expense, damage, claim, demand,
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72