Common use of Intellectual Property and Proprietary Rights Clause in Contracts

Intellectual Property and Proprietary Rights. I understand that the Company’s trademarks, service marks, trade names, trade dress, patents, trade secrets, and copyrighted materials (collectively the “Intellectual Property”) belong solely to or have been licensed for use by the Company, and any use of the Company’s Intellectual Property must be in strict compliance with the Company Policies. I acknowledge that the Company has exclusive proprietary rights to information developed by or for the Company, such as, but not limited to, Fanatic lists, Company-generated customer lists, customer profile data, manufacturing procedures, product development information, product purchase information, consultant and advisor lists, operating, financial, and marketing materials, and all other information not provided by the Company to the public, and that such information is confidential (the “Confidential Information”). I agree not to use or disclose such Confidential Information to any party except in strict accordance with the Company Policies. Any Confidential Information given to me is based on my role as a Fanatic and may be used solely in my business relationship with the Company. During the term of the Contract and thereafter, I will not sell or use Confidential Information to sell products or services other than Hello Love products, or in connection with any other business, or for any other reason except in compliance with the Contract. Upon termination or nonrenewal of the Contract, I will immediately cease all use of the Company’s Intellectual Property and Confidential Information, and upon request, I will return all such materials in my possession or control to the Company. I agree that any breach of the provisions herein relating to the Company’s Intellectual Property and Confidential Information will cause immediate and irreparable harm to the Company and that the Company will not be made whole following such breach solely by monetary damages. I further agree that the remedy at law for any breach of any such provision will be inadequate; and that in addition to any other remedies in law or in equity it may have, the Company will be entitled, without the necessity of proving actual damages or posting bond, to temporary and permanent injunctive relief to prevent the breach or threatened breach of any such provision and/or to compel specific performance of such provisions.

Appears in 2 contracts

Sources: Independent Fanatic Agreement, Independent Fanatic Agreement

Intellectual Property and Proprietary Rights. a. I understand that the Company’s trademarks, service marks, trade names, trade dress, patents, trade secrets, and copyrighted materials (collectively the “Intellectual Property”) belong solely to or have been licensed for use by the Company, and any use of the Company’s Intellectual Property must be in strict compliance with the Company Policies. . b. I acknowledge that the Company has exclusive proprietary rights to information developed by or for the Company, such as, but not limited to, Fanatic listsTeam Member Lists, Company-generated customer lists, customer profile data, manufacturing procedures, product development information, product purchase information, consultant and advisor lists, operating, financial, and marketing materials, and all other information not provided by the Company to the public, and that such information is confidential (the “Confidential Information”). I agree not to use or disclose such Confidential Information to any party except in strict accordance with the Company Policies. Any Confidential Information given to me is based on my role as a Fanatic Team Member and may be used solely in my business relationship with the Company. During the term of the Contract and thereafter, I will not sell or use Confidential Information to sell products or services other than Hello Love productsXendurance products and services, or in connection with any other business, or for any other reason except in compliance with the Contract. Upon termination or nonrenewal of the Contract, I will immediately cease all use of the Company’s Intellectual Property and Confidential Information, and upon request, I will return all such materials in my possession or control to the Company. . c. I agree that upon any breach of the provisions herein relating to the Company’s Intellectual Property and Confidential Information will cause immediate and irreparable harm to Information, the Company will be immediately and that the Company irreparably harmed and will not be made whole following such breach solely by monetary damages. I further agree that the remedy at law for any breach of any such provision will shall be inadequate; and that in addition to any other remedies remedies, in law or in equity it may have, the Company will be entitled, without the necessity of proving actual damages or posting bond, to temporary and permanent injunctive relief to prevent the breach or threatened breach of any such provision and/or to compel specific performance of such provisions.

Appears in 2 contracts

Sources: Team Member Agreement, Team Member Agreement