Common use of Retained Intellectual Property Clause in Contracts

Retained Intellectual Property. All of Seller's right, title, and interest in the BISON graphic logo identified in Schedule 1.2.7 as the "BISON LOGO". Buyer shall have no rights in or to the BISON LOGO, including, without limitation, the right to use the BISON LOGO. Seller grants a non-exclusive, worldwide license to Buyer to use the BISON Word ▇▇▇▇ in connection with the Assets and for no other use. All other rights in the BISON Word ▇▇▇▇ are reserved to Seller. Buyer acknowledges that the BISON Word ▇▇▇▇ is the property of the Seller and that by this Agreement Buyer acquires license rights and not the right, title or interest in or to the BISON Word ▇▇▇▇. Buyer shall not, during the term of this Agreement or thereafter, adopt or use any service ▇▇▇▇, trade name, or trademark confusingly similar to the BISON Word ▇▇▇▇. Buyer acknowledges that strict observance and performance of the terms of this section of the Agreement are necessary to protect Seller and the BISON Word ▇▇▇▇. IN that regard, Buyer agrees that the BISON Word ▇▇▇▇ shall be used only in connection with the Assets and the quality of the Assets will be the same quality or better than the quality of the Assets as presently manufacturing and distributed by Seller. In all agreements entered into by Buyer in which Buyer's right in the BISON Word ▇▇▇▇ are assigned, Buyer shall specify that all such assignments are subject to the terms of this Section 1.2.7 and such assignees shall agree to include such terms in any subsequent assignments. Buyer and any and all subsequent assignees shall notify Seller of such assignments of any rights to the BISON Word ▇▇▇▇.

Retained Intellectual Property. All of Seller's right, title, and interest in the BISON graphic logo identified in Schedule 1.2.7 as the "BISON LOGO". Buyer shall have no rights in or to the BISON LOGO, including, without limitation, the right to use the BISON LOGO. Seller grants a non-exclusive, worldwide license to Buyer to use the BISON Word ▇▇▇▇ in connection with the Assets and for no other use. All other rights in the BISON Word ▇▇▇▇ are reserved to Seller. Buyer acknowledges that the BISON Word ▇▇▇▇ is the property of the Seller and that by this Agreement Buyer acquires license rights and not the right, title or interest in or to the BISON Word ▇▇▇▇. Buyer shall not, during the term of this Agreement or thereafter, adopt or use any service ▇▇▇▇, trade name, or trademark confusingly similar to the BISON Word ▇▇▇▇. Buyer acknowledges that strict observance and performance of the terms of this section of the Agreement are necessary to protect Seller and the BISON Word ▇▇▇▇. IN that regard, Buyer agrees that the BISON Word ▇▇▇▇ shall be used only in connection with the Assets and the quality of the Assets will be the same quality or better than the quality of the Assets as presently manufacturing and distributed by Seller. In all agreements entered into by Buyer in which Buyer's right in the BISON Word ▇▇▇▇ are assigned, Buyer shall specify that all such assignments are subject to the terms of this Section 1.2.7 and such assignees shall agree to include such terms in any subsequent assignments. Buyer and any and all subsequent assignees shall notify Seller of such assignments of any rights to the BISON Word ▇▇▇▇.this