Common use of Marks and Intellectual Property Clause in Contracts

Marks and Intellectual Property. Each Party understands and agrees that all trademarks, service marks, logos, symbols, slogans, domain names and trade names (collectively “Marks”) are the properties of their respective owners. A Party’s Marks may only be used with that Party’s prior written consent which shall not be unreasonably withheld, conditioned, or delayed. Prior written consent must also be obtained for any materials produced and distributed by a Party which contain the name, image, and likeness of the other Party (including its students, employees, directors, officers, or agents) and/or specifically reference this Agreement and/or makes a general representation about the other Party’s institution. Except as otherwise provided herein, each Party owns and retains all right, title and interest, worldwide to its respective name, tradenames, trademarks, service marks, trade secrets, patents and other intellectual property rights and each Party agrees that no transfer, grant or license of rights under any patent or copyright or to any intellectual property, proprietary information and/or trade secret is made or is to be implied by this Agreement except as may be expressly stated otherwise herein. Neither party may assign or transfer its rights or obligations under this Agreement without prior written consent of the other party. In no event shall the license or use of ▇▇▇▇▇▇’▇ name, tradename, trademark, or logo be assigned to a parent, affiliate, or successor company formed by the merger or reorganization or similar corporate transaction of either institution with another company or institution.

Marks and Intellectual Property. Each Party understands and agrees that all trademarks, service marks, logos, symbols, slogans, domain names and trade names (collectively “Marks”) are the properties of their respective owners. A Party’s Marks may only be used with that Party’s prior written consent which shall not be unreasonably withheld, conditioned, or delayed. Prior written consent must also be obtained for any materials produced and distributed by a Party which contain the name, image, and likeness of the other Party (including its students, employees, directors, officers, or agents) and/or specifically reference this Agreement and/or makes a general representation about the other Party’s institution. Except as otherwise provided herein, each Party owns and retains all right, title and interest, worldwide to its respective name, tradenames, trademarks, service marks, trade secrets, patents and other intellectual property rights and each Party agrees that no transfer, grant or license of rights under any patent or copyright or to any intellectual property, proprietary information and/or trade secret is made or is to be implied by this Agreement except as may be expressly stated otherwise herein. Neither party Party may assign or transfer its rights or obligations under this Agreement without prior written consent of the other partyParty. In no event shall the license or use of ▇▇▇▇▇▇’▇ University’s name, tradename, trademark, or logo be assigned to a parent, affiliate, or successor company formed by the merger or reorganization or similar corporate transaction of either institution with another company or institution.