This excerpt taken from the TPTX 8-K filed Oct 10, 2006.
8.2 Mutual Representations and Warranties. Each party hereby represents and warrants to the other party that:
(a) it is duly authorized to execute and deliver this Agreement and to perform its obligations hereunder;
(b) this Agreement is a legal and valid obligation binding upon it and enforceable in accordance with its terms; and
(c) the execution, delivery and performance of this Agreement do not conflict with any agreement, instrument or understanding, oral or written, to which it is a party or by which it may be bound, nor violate any law or regulation of any court, governmental body or administrative or other agency having jurisdiction over it.