Common use of Assignment of Trademarks Clause in Contracts

Assignment of Trademarks. ▇▇▇▇▇▇ Estate hereby irrevocably, perpetually and forever assigns and conveys to Assignee all of ▇▇▇▇▇▇ Estate’s right, title and interest throughout the world in and to: (a) the Trademarks; (b) all renewals and extensions for registrations included in the Trademarks; and (c) all benefits, privileges, causes of action and remedies relating to or conferred by any of the foregoing, whether accrued before or after the Effective Date. Such benefits, privileges, causes of action and remedies include the exclusive rights to apply for and maintain all such registrations, renewals and/or extensions; to ▇▇▇ for all past, present or future infringements or other violations of any rights in the Trademark; and to settle and retain proceeds from any such actions. Neither ▇▇▇▇▇▇ Estate nor any other member of the ▇▇▇▇▇▇ Estate Group retains any rights to use or to display the Trademarks. ▇▇▇▇▇▇ Estate and the other members of the ▇▇▇▇▇▇ Estate Group shall not challenge the validity of Assignee’s ownership in the Trademarks. ▇▇▇▇▇▇ Estate and all members of the ▇▇▇▇▇▇ Estate Group each hereby further agrees to execute and deliver all documents and instruments required to evidence or record such assignment or to enforce the assigned rights (and hereby appoints Assignee as ▇▇▇▇▇▇ Estate’s attorney-in-fact to execute and deliver such documents if unable after making reasonable inquiry to obtain. ▇▇▇▇▇▇ Estate’s signatures on any of them).