13. WARRANTIES
13.1. Each Party hereby represents and warrants that; (a) it is duly registered and validly existing under the laws of the jurisdiction of incorporation and has full power and authority to enter into this Agreement and to execute the provisions hereof; and (b) the execution of this Agreement will not conflict or be inconsistent with any of the terms, covenants, conditions or provisions of, or constitute a breach or default or violation of; (i) any applicable laws, rules or regulations; or (ii) any judgment, injunction, order, decree or ruling of any arbitral tribunal or any court or governmental authority, domestic or foreign, or (iii) any agreement to which each Party is a party; and (c) this Agreement constitutes a valid and legally binding obligation on the Parties and will be enforceable against the Parties in accordance with its terms; and (d) the person signing this Agreement is duly authorized to execute this Agreement for and on behalf of the Party for whom such person is signing for.
13.2. The Vendor represents and warrants that; (a) the Job will be performed with a reasonable skill and care and in a professional and qualified manner in compliance with all applicable laws and regulations and to the satisfaction of CHEIL and that it has the required skills and experience to perform the Job; and (b) the product of performance of the Job which will be use by CHEIL and the Principal along with any resulting any information prepared, developed and/or produced by the Vendor to CHEIL in connection with this Agreement shall not violate any law (including unfair competition laws) or infringe any third party’s rights; and (c) any title to the results of Jobs performed shall be transfer or assigned to CHEIL free and clear of all liens, claims, security interest or encumbrances.