Common use of Intellectual Property Right Clause in Contracts

Intellectual Property Right. Party A permits Party B to use the trademark, patent, copyright and so on of the goods provided by Party A, and the license method is general license. The above general license right enjoyed by Party B is only applicable to the business purpose of selling Party A's products in the Territory. If Party B finds that any third party infringes Party A's intellectual property rights or does any illegal act harmful to Party A's interests, Party B shall report to Party A. Party B shall not compete with Party A or help others with Party A, and party B shall not manufacture agent products or products similar to those sold on commission, nor shall it profit from any enterprise competing with Party A.