Common use of Other Party Marks Clause in Contracts

Other Party Marks. The Parties agree that nothing in the relationship of the Parties nor past use of any Trademarks (other than those described in Section 5.2(a) and (b)) belonging to another Party (“Other Party Marks”) prior to the Relevant Time shall constitute an implied or express license or right to continue use of the Other Party Marks after the Relevant Time. In the event a Party is, prior to the Relevant Time, making use of Other Party Marks, said Party shall cease all such use within one (1) year of the Relevant Time absent separate agreement(s) with the owner(s) of such Other Party Marks.

Appears in 3 contracts

Sources: Separation and Distribution Agreement (Tyco International LTD /Ber/), Separation and Distribution Agreement (Covidien Ltd.), Separation and Distribution Agreement (Tyco Electronics Ltd.)