Common use of Power and Authority to Act Clause in Contracts

Power and Authority to Act. OMP represents and warrants that OMP is legal and beneficial owner of all right and interest in and to (or has sufficient licenses to) Know-How and OMP Trademarks and Joint Trademarks and has full power and authority to grant licenses and perform its obligations under this Agreement.

Appears in 2 contracts

Sources: Know How and Trademark License Agreement (Obagi Medical Products, Inc.), Know How and Trademark License Agreement (Obagi Medical Products, Inc.)