Common use of Right to Use Intellectual Property Clause in Contracts

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.

Appears in 1 contract

Sources: Stock and Asset Purchase Agreement (LKQ Corp)

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 the right to use subject only to the terms of the agreements governing such licensed Intellectual Property, all Intellectual Property and information technology assets used in or necessary for the Business as it is currently conducted and has been conductedBusiness, 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.

Appears in 1 contract

Sources: Agreement and Plan of Merger (LKQ Corp)