Right to Use Intellectual Property Clause Samples
The "Right to Use Intellectual Property" clause grants one party permission to use certain intellectual property owned or controlled by the other party, such as trademarks, copyrights, patents, or trade secrets. This clause typically outlines the scope of the license, specifying which intellectual property is covered, the permitted uses, any restrictions, and the duration of the right. By clearly defining these terms, the clause ensures both parties understand the boundaries of use, thereby preventing unauthorized exploitation and reducing the risk of infringement disputes.
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Right to Use Intellectual Property. Purchaser acknowledges that it has no interest in, and agrees that it will not at any time assert or claim any interest in, nor register or attempt to register any form of intellectual property which would infringe or otherwise violate any of Intellectual Property, and will cooperate with Supplier to secure Supplier’s rights under the Intellectual Property in the Territory. The Intellectual Property (whether owned by Supplier or licensed to Supplier) shall as among the Parties remain the exclusive property of Supplier. All benefit and goodwill arising from Purchaser’s or Sub-Distributor’s use of the Trademarks shall, as among the Parties, inure to the benefit of Supplier. [*] = Portions of this exhibit have been omitted pursuant to a confidential treatment request. An unredacted version of this exhibit has been filed separately with the Commission.
Right to Use Intellectual Property. The Company or a Company Subsidiary exclusively owns all right, title and interest in and to, or otherwise has sufficient rights to use all Intellectual Property and information technology assets used in or necessary for the Business as it is currently conducted and has been conducted, and all of those rights will survive the consummation of the Transactions unchanged; provided, however, that the foregoing shall not be interpreted as a representation regarding infringement or misappropriation of third party Intellectual Property, which is dealt with exclusively in Section 4.9.5.
Right to Use Intellectual Property. Each Loan Party has a license or other right to use Intellectual Property as is necessary for the conduct of the businesses of such Loan Party, without any infringement upon rights of others which could reasonably be expected to have a Material Adverse Effect.
Right to Use Intellectual Property. For the purpose of enabling the Collateral Agent to exercise its right to prepare for sale, market for sale, sell or otherwise dispose of the Collateral pursuant to and in accordance with Article VI hereof only after the occurrence and during the continuance of an Event of Default, at such time as the Collateral Agent shall be lawfully entitled to exercise such right, each Grantor hereby authorizes the Collateral Agent, for the benefit of the Collateral Agent and the other Secured Parties, to use without compensation such Grantor’s trademarks, trade names, patents, copyrights, trade secrets, service marks, advertising matter and licenses related thereto solely in connection with such preparation for sale, marketing for sale, sale or disposition.
Right to Use Intellectual Property. Except as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, the Company and its Subsidiaries own or license directly or through the Advisor or other Affiliates of the Company all right, title and interest in and to, or otherwise have sufficient rights to use, all Intellectual Property used in connection with the business of the Company and its Subsidiaries.
Right to Use Intellectual Property. The Vendor agrees to grant to the Purchaser the right to use the Intellectual Property effective as of the date of the execution of this Agreement. In consideration for such right, the Vendor shall, immediately following the execution of this Agreement, invoice the Purchaser in the amount of at least twenty five thousand dollars (US$25,000) in United States funds, which amount shall be payable by the Purchaser upon execution of this Agreement. In the event the transactions contemplated by this Agreement are not completed by the Time of Transfer, the right of the Purchaser to use the Intellectual Property shall immediately terminate and the Purchaser shall immediately cease using the Intellectual Property, the Intellectual Property shall immediately be returned by the Purchaser to the Vendor and the Purchaser shall not be entitled to the return of any funds paid to the Vendor pursuant to this Section 2.8.
Right to Use Intellectual Property. MIOL acknowledges that it has no interest in, and agrees that it will not at any time assert or claim any interest in, nor register or attempt to register any form of intellectual property which would infringe or otherwise violate any of the Oscient Intellectual Property, and will cooperate with Oscient to secure Oscient’s rights under the Oscient Intellectual Property in the Territory. All benefit and goodwill arising from MIOL’s or Sub-Distributor’s use of the Trademarks shall, as among the Parties, inure to the benefit of Oscient.
Right to Use Intellectual Property. For the purpose of enabling the Collateral Agent to exercise the rights and remedies available to it upon the occurrence and during the continuance of an Event of Default, at such time as the Collateral Agent shall be lawfully entitled to exercise such rights and remedies, each Grantor hereby grants to the Collateral Agent an irrevocable nonexclusive license (exercisable without payment of royalty or other compensation to such Grantor) to use trademarks, trade names, patents, copyrights, trade secrets and service marks; provided, however, (i) that such licenses to be granted hereunder with respect to trademarks shall be subject to the maintenance of quality standards with respect to the goods and services on which such trademarks are used sufficient to preserve the validity of such trademarks; (ii) that such licenses granted with regard to trade secrets shall be subject to the requirement that the secret status of trade secrets be maintained and reasonable steps are taken to ensure that they are maintained; and (iii) that the Collateral Agent shall have no greater rights than those of any such Grantor under such license.
Right to Use Intellectual Property. To the extent the Contractor has the right to do so, and excluding any Licensed Property, the furnishing or using of any intellectual property by the Contractor in creating the Works shall confer upon the Lottery the unrestricted, irrevocable right to make, have made, use, sell, license, publish, and/or lease any such intellectual property without payment of additional consideration by Lottery; provided however, that this subsection shall not apply to Contractor Intellectual Property Rights.
Right to Use Intellectual Property