Common use of Acknowledgments and Covenants of Licensee Clause in Contracts

Acknowledgments and Covenants of Licensee. (a) Licensee acknowledges that (i) TM Corp. is the owner of the Marks in the Territory, (ii) other than the rights granted to Licensee under this License, (x) Coldwell Banker is the exclusive licensee of the Coldwell Banker Marks in the Territory and (y) ERA is the exclusive licensee of the ERA Marks in the Territory, and (iii) the rights of Licensors in the Marks are valid and enforceable. Licensee covenants and agrees not to challenge Licensors’ ownership of the Marks anywhere, including as part of a Domain Name. (b) Licensee shall not acquire any ownership rights in the Marks or Domain Names or any other right adverse to Licensors’ interests in the Marks or Domain Names. Nothing herein shall be deemed, intended, or implied to constitute a sale or assignment of the Marks or Domain Names to Licensee. Licensee agrees that its use of the Marks or Domain Names under this Agreement shall inure to the benefit of Licensors, and this Agreement does not confer on Licensee any goodwill or ownership interest in the Marks. (c) Licensee shall include the following written notice in connection with its use of the Marks (or such other written ownership notice as requested by Licensors from time to time): “[insert service m▇▇▇] is a service m▇▇▇ of a subsidiary of Cendant Corporation and used under license by [insert Licensee].”

Acknowledgments and Covenants of Licensee. (a) Licensee acknowledges that (i) TM Corp. is the owner of the Marks in the Territory, (ii) other than the rights granted to Licensee under this License, (x) Coldwell Banker is the exclusive licensee of the Coldwell Banker Marks in the Territory and (y) ERA is the exclusive licensee of the ERA Marks in the Territory, and (iii) the rights of Licensors in the Marks are valid and enforceable. Licensee covenants and agrees not to challenge Licensors’ ownership of the Marks anywhere, including as part of a Domain Name. (b) Licensee shall not acquire any ownership rights in the Marks or Domain Names or any other right adverse to Licensors’ interests in the Marks or Domain Names. Nothing herein shall be deemed, intended, or implied to constitute a sale or assignment of the Marks or Domain Names to Licensee. Licensee agrees that its use of the Marks or Domain Names under this Agreement shall inure to the benefit of Licensors, and this Agreement does not confer on Licensee any goodwill or ownership interest in the Marks. (c) Licensee shall include the following written notice in connection with its use of the Marks (or such other written ownership notice as requested by Licensors from time to time): “"[insert service m▇▇▇] is a service m▇▇▇ of a subsidiary of Cendant Corporation and used under license by [insert Licensee].”