Common use of Direct Indemnity Clause in Contracts

Direct Indemnity. Each party shall indemnify, defend and hold the other party harmless, and hereby forever releases and discharges the other party, from and against any loss, liability, cost or expense, including attorneys' fees and costs (any "Liability"), resulting from any claim, action or other proceeding by a Third Party, arising out of the negligence, recklessness or intentional acts or omissions of the indemnifying party in connection with the work performed by such party during the Development Program.

Appears in 2 contracts

Sources: License and Collaboration Agreement (Trinity Medical Group Inc), License and Collaboration Agreement (Trinity Medical Group Inc)

Direct Indemnity. Each party shall indemnify, defend indemnify and hold the other party harmless, and hereby forever releases and discharges the other party, from and against any lossall losses, liabilityliabilities, cost or expense, damages and expenses (including reasonable attorneys' fees and costs (costs) incurred as a result of any "Liability")claims, resulting from any claimdemands, action actions or other proceeding by a Third Party, proceedings arising out of the negligencerecklessness, recklessness willful misconduct or intentional acts or omissions breach of the indemnifying party in connection with the work performed Agreement by such party during the Development Programparty.

Appears in 1 contract

Sources: Collaboration Agreement (Vyrex Corp)