7 REPRESENTATION AND WARRANTIES
7.1 Each party represents and warrants that:
(a) Each party is duly established and fully authorized (including corporate approval where required) to enter into this Agreement and each party has duly appointed the signatory to act for and on behalf of the party;
(b) This Agreement is valid and binding on the respective party pursuant to its terms and conditions and each party shall at all times and in good faith use best efforts to give full effect to the terms and conditions stipulated hereunder;
(c) The execution of this Agreement does not violate in any manner a legal provision, rule or regulation which binds either party; and
(d) There is no pending or threatened claim, action, suit, arbitration, litigation, proceeding or governmental investigation, which may in any way adversely affect or relate to this Agreement.