Common use of PROPERTY OF LICENSOR Clause in Contracts

PROPERTY OF LICENSOR. 7.1 Licensee acknowledges that the Licensed Trademarks and all rights therein (with the exception of those rights expressly granted to Licensee hereunder) and the goodwill pertaining thereto belong exclusively to Licensor. Licensee's use of the Licensed Trademarks shall inure to the benefit of Licensor for all purposes, including trademark registration. Without limiting the generality of the foregoing, Licensee shall not challenge the validity of Licensor's ownership of the Licensed Trademarks or any registration of application for registration thereof or contest the fact that Licensee's rights under this Agreement are solely those of a Licensee, which rights terminate upon expiration or termination of this Agreement. 7.2 Licensor shall be responsible for the prosecution and maintenance of registrations of the Licensed Trademarks, at Licensor's expense. Licensee shall cooperate with Licensor, and shall execute any documents required by Licensor and supply Licensor with a reasonable number of specimens to assist Licensor, in the registration, enforcement, or maintenance of any Licensed Trademarks or recordal of Licensee as a registered user or licensee. 7.3 Licensee agrees not to register, or attempt to register, the Licensed Trademarks or any confusingly similar intellectual property in its own name or any other name, or to use the Licensed Trademarks in commerce other than as provided herein. 7.4 The provisions of this Article 7 shall survive the termination of this Agreement.

PROPERTY OF LICENSOR. 7.1 Licensee acknowledges that the Licensed Trademarks Intellectual Property and all rights therein (with the exception of those rights expressly granted to Licensee hereunder) and the goodwill pertaining thereto belong exclusively to Licensor. Licensee's use of the Licensed Trademarks Intellectual Property shall inure to the benefit of Licensor for all purposes, including trademark registration. Without limiting the generality of the foregoing, Licensee shall not challenge the validity of Licensor's ownership of the Licensed Trademarks Intellectual Property or any registration of application for registration thereof or contest the fact that Licensee's rights under this Agreement are solely those of a Licensee, which rights terminate upon expiration or termination of this Agreement. 7.2 Licensor shall be responsible for the prosecution and maintenance of registrations of the Licensed TrademarksIntellectual Property, at Licensor's expense. Licensee shall cooperate with Licensor, and shall execute any documents required by Licensor and supply Licensor with a reasonable number of specimens to assist Licensor, in the registration, enforcement, or maintenance of any Licensed Trademarks Intellectual Property or recordal of Licensee as a registered user or licenseeLicensee. 7.3 Licensee agrees not to register, or attempt to register, the Licensed Trademarks Intellectual Property or any confusingly similar intellectual property in its own name or any other name, or to use the Licensed Trademarks Intellectual Property in commerce other than as provided herein. 7.4 The provisions of this Article 7 shall survive the termination of this Agreement.