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/

Pages: 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