Common use of Ownership by Licensor Clause in Contracts

Ownership by Licensor. OEM acknowledges and agrees that Licensor holds all right, title and interest in the Licensed Trademarks. Any and all goodwill arising from OEM's use of the Licensed Trademarks shall inure solely to the benefit of Licensor, and neither during nor after the termination of this Agreement and the license granted hereunder shall OEM assert any claim to the Licensed Trademarks (or any confusingly similar m▇▇▇) or such goodwill. OEM shall not directly or indirectly, during the term of this Agreement or thereafter, through itself or third parties, challenge Licensor's rights in the Licensed Trademarks. In no event shall OEM seek to register any Licensed Trademark or any other m▇▇▇ used by Licensor in any country, state or territory thereof. In the event that the laws, regulations or practices of any legal jurisdiction convey any right in any Licensed Trademark used by Licensor to OEM, OEM hereby assigns such right or interest to Licensor and agrees to enter into any further documentation required by Licensor, in its sole discretion, to perfect ownership of such right or interest in Licensor. OEM agrees to ensure that its successors, assigns and affiliated companies, if any, comply with the terms of this provision.