Common use of PROPERTY OF LICENSOR Clause in Contracts

PROPERTY OF LICENSOR. Licensee acknowledges that the Licensed Marks and all rights therein (with the exception of those rights expressly granted to Licensee hereunder) and the goodwill pertaining thereto belong exclusively to Licensor or its Affiliate, as applicable. Licensee’s use of the Licensed Marks and all goodwill arising therefrom will inure to the sole and exclusive benefit of Licensor or its Affiliate, as applicable.

Appears in 3 contracts

Sources: Trademark License Agreement (Viatris Inc), Trademark License Agreement (Upjohn Inc), Trademark License Agreement (Upjohn Inc)