Common use of Disclaimer and Compensation Clause in Contracts

Disclaimer and Compensation. 4.1 Each Party agrees that, in any cases, Party A shall not be required to assume any responsibility or make any economic or other ompensation to other Party or any third party for the exercise of the Powers under this Agreement by Party A and/or the Attorney. 4.2 Party B agrees that it shall indemnify Party A and the Attorney and hold them harmless from any loss incurred or may be incurred due to the exercise of Powers hereuner, including but is not limited to any loss arising from litigation, claim for compensation for other claims, arbitration, claims or administrative investigations or penalties imposed by government agencies Party A and/or the Attorney. It shall not be compensated if such loss is incurred as a result of Party A’s and/or the Attorney’s gross negligence or willful misconduct.

Appears in 2 contracts

Sources: Power of Attorney (Burning Rock Biotech LTD), Power of Attorney (Burning Rock Biotech LTD)