Common use of Proprietary and Intellectual Property Rights Clause in Contracts

Proprietary and Intellectual Property Rights. To the Company's and the Shareholders' knowledge, the Company possesses full ownership of all proprietary rights and intellectual property rights owned by or registered in the name of the Company or any of its subsidiaries or used in the business of the Company or any of its subsidiaries and is not in default in any material respect, under any agreement relating to any proprietary right or intellectual property right.

Proprietary and Intellectual Property Rights. To the Company's and the Shareholders' knowledge, the The Company possesses full ownership of all has proprietary rights and intellectual property rights owned by or registered in the name of the Company or any of its subsidiaries or used in the business of the Company or any of its subsidiaries and is not in default in any material respect, under any agreement relating to any proprietary right or intellectual property right.