Common use of Cost of Recall Clause in Contracts

Cost of Recall. In the event that any Licensed Product supplied hereunder is recalled or quarantined, or is subject to stop-sale action, whether voluntary or by governmental action, it is agreed and understood that any expenses of such action, including administrative costs, reasonable fees of any experts or attorneys that may be utilized by either Party, and any government fines or penalties related to such recall, quarantine or stop-sale (“Recall Expenses”) will be borne by the Party upon whose act or omission is the cause of the recall, quarantine or stop-sale action.

Appears in 3 contracts

Sources: License and Supply Agreement (Endo International PLC), License and Supply Agreement (Endo International PLC), License and Supply Agreement (Endo Pharmaceuticals Holdings Inc)