Common use of Essential Basis Clause in Contracts

Essential Basis. The Parties acknowledge and agree that the disclaimers, exclusions and limitations of liability set forth in this Article 10 form an essential basis of this Agreement, and that, absent any of such disclaimers, exclusions or limitations of liability, the terms of this Agreement, including the economic terms, would be substantially different.

Appears in 1 contract

Sources: License and Commercialization Agreement (Redpoint Bio CORP)

Essential Basis. The Parties acknowledge and agree that the disclaimers, exclusions and limitations of liability set forth in this Article Section 10 form an essential basis of this Agreement, and that, absent any of such disclaimers, exclusions or limitations of liability, the terms of this Agreement, including including, without limitation, the economic terms, would be substantially different.

Appears in 1 contract

Sources: Developer's License Agreement (Sequiam Corp)