Common use of Mutual Indemnifications Clause in Contracts

Mutual Indemnifications. Each party shall be responsible for, and shall indemnify the other and hold it harmless from and against any loss, damage, or expense (including, without limitation, any loss, damage, or expense related to enforcement by the party of its property rights against third parties and reasonable attorneys' fees) incurred by the other as a result of any failure by the party, its employees or agents to maintain the confidentiality of the proprietary rights of the other party disclosed in connection with this Agreement and described above, in the manner herein provided, without regard to whether such employees or agents are acting under or contrary to the parties instructions or their contractual, employment or agency relationship with the party has been terminated.

Appears in 3 contracts

Sources: Cbot/Ceres License Agreement (Cbot Holdings Inc), Cbot/Ceres License Agreement (Cbot Holdings Inc), License Agreement (Board of Trade of the City of Chicago Inc)