Common use of Powers and Authorizations Clause in Contracts

Powers and Authorizations. Ericsson has the capacity, power and authority and full legal right to enter into and execute this Agreement and to perform all of its obligations hereunder; Ericsson has taken all necessary action to authorize the execution of this Agreement on its behalf by its officers, directors and shareholders and to authorize the performance of all of its obligations hereunder; this Agreement has been duly executed by a duly authorized person on behalf of Ericsson and this constitutes valid and legally binding obligations of Ericsson enforceable against it in accordance with its terms, except as enforcement may be limited by bankruptcy, insolvency, and other laws affecting the rights of creditors generally and except that equitable remedies may be granted only in the discretion of a court of competent jurisdiction.