Common use of Expenses and Liability Clause in Contracts

Expenses and Liability. (a) Except as otherwise expressly provided in this Agreement, each party to this Agreement will bear its respective expenses incurred in connection with the preparation, execution, and performance of this Agreement and the Transactions, including all fees and expenses of agents, representatives, counsel, and accountants. (b) In the event of termination of this Agreement pursuant to Article 10, the obligation of each party to pay its own expenses will be subject to any rights of such party arising from a Breach of this Agreement by another party.

Appears in 2 contracts

Sources: Canadian Share Exchange Agreement, Share Exchange Agreement (Ideal Accents Inc)

Expenses and Liability. (a) Except as otherwise expressly provided in this Agreement, each party to this Agreement will bear its respective expenses incurred in connection with the preparation, execution, and performance of this Agreement and the Transactions, including all fees and expenses of agents, representatives, counsel, and accountants. (b) In the event of termination of this Agreement pursuant to Article 1012, the obligation of each party to pay its own expenses will be subject to any rights of such party arising from a Breach of this Agreement by another party.

Appears in 1 contract

Sources: Share Exchange Agreement (Medinex Systems Inc)

Expenses and Liability. (a) Except as otherwise expressly provided in this Agreement, each party to this Agreement will bear its respective expenses incurred in connection with the preparation, execution, and performance of this Agreement and the Contemplated Transactions, including all fees and expenses of agents, representatives, counsel, and accountants. (b) In the event of termination of this Agreement pursuant to Article 10, the obligation of each party to pay its own expenses will be subject to any rights of such party arising from a Breach of this Agreement by another party.

Appears in 1 contract

Sources: Transaction Agreement (Rational Software Corp)