Common use of Ownership and Goodwill Clause in Contracts

Ownership and Goodwill. Licensee agrees that NW LLC exclusively owns the Trademarks and any associated goodwill and that all use of the Trademarks by Licensee shall inure to the benefit of NW LLC. Licensee agrees that nothing in this Agreement shall give Licensee any rights, title, or interest in and to the Trademarks other than the right to use the Trademarks in accordance with this Agreement. Licensee will not at any time do, or knowingly permit to be done, any acts or things which would in any way challenge or impair the rights of NW LLC in and to the Trademarks or which would or could affect the validity of the Trademarks. Licensee agrees to execute all documents, and provide all information and materials, reasonably required by NW LLC to obtain, maintain, and renew registrations of the Trademarks and to record this Agreement (or a separate registered user agreement) with appropriate government authorities. Licensee agrees that it will promptly advise NW LLC in writing as to any possible illegal use or infringement of the Trademarks.