Sufficiency of Intellectual Property Clause Samples
The Sufficiency of Intellectual Property clause establishes that the intellectual property provided or licensed under an agreement is adequate for the intended use or purpose specified in the contract. In practice, this means the party supplying the intellectual property guarantees that it includes all necessary rights, permissions, and components for the other party to fully utilize it as agreed, such as all patents, copyrights, or know-how required for manufacturing a product. This clause ensures that the recipient will not encounter legal or practical obstacles due to missing intellectual property rights, thereby reducing the risk of disputes or interruptions in business operations.
Sufficiency of Intellectual Property. The Company Owned Intellectual Property and Licensed Intellectual Property include all Intellectual Property needed to conduct the business of the Company as currently conducted and as currently planned to be conducted.
Sufficiency of Intellectual Property. The Intellectual Property comprise all of the properties and rights necessary for the continued operation of the Intellectual Property.
Sufficiency of Intellectual Property. The Transferred Intellectual Property, the Transferred Know-How and the Licensed IP constitute all of the Intellectual Property and Know-How that is necessary and sufficient to conduct the Business in the Field as it is currently conducted by Novartis. As of the Closing Date, Purchaser will own all of the tangible embodiments of the Transferred Intellectual Property, Transferred Know-How and all other documentation Novartis currently uses to conduct the Business.
Sufficiency of Intellectual Property. The EMP Group Companies own and have the legal and beneficial right, title and interest in or have valid and enforceable rights to use all material Intellectual Property that is necessary to conduct the Business as presently conducted. The execution of this Agreement and consummation of the transactions contemplated hereunder will not result in the termination or any material alteration of the EMP Group Companies’ rights or title to or interest in any Material IP Rights, and will not immediately following such consummation result in any licenses, encumbrances, liens, pledges, assignments or other rights being granted under or imposed on any Material IP Rights.
Sufficiency of Intellectual Property. To the knowledge of the Company as of the date hereof, the Company Intellectual Property constitutes (A) the Intellectual Property that is currently used or otherwise exploited by the Company in the Conduct of the Business of the Company and (B) the Intellectual Property that would be necessary for the manufacture, use, sale, offer for sale, importation or other commercial exploitation of any Company Product in its current form, if such manufacture, use, sale, offer for sale, importation or other commercial exploitation were occurring as of the date hereof.
Sufficiency of Intellectual Property. Rights the Intellectual Property Rights owned by or licensed to the members of the Group are all the Intellectual Property Rights required by them in order to carry out, maintain and operate their respective businesses, properties and assets and no member of the Group in carrying on its respective businesses, infringes any Intellectual Property
Sufficiency of Intellectual Property. The Owned Intellectual Property and the Licensed Intellectual Property include all of the Intellectual Property used in the Ordinary Course of Business of the Sellers. The Owned Intellectual Property and, to Sellers’ Knowledge, {W5977534.1} the Licensed Intellectual Property, are subsisting, valid and enforceable, and have not been adjudged invalid or unenforceable in whole or part.
Sufficiency of Intellectual Property. The Intellectual Property Rights of the Company, including the Patents, the Marks, the Copyrights, the Licensed Intellectual Property, and the Domain Names constitute all of the intellectual property necessary for the operation of the business of the Company as currently conducted.
Sufficiency of Intellectual Property. The Intellectual Property shown in the Disclosure Schedule, together with the Company’ s Know-How, together with the Intellectual Property with respect to which a licence was granted to the Company comprises all material rights used in the carrying on of the Business.
Sufficiency of Intellectual Property. The Company IP owned by the Company, together with the third party Intellectual Property licensed pursuant to the Inbound License Agreements, constitutes (i) all of the Intellectual Property used in, necessary for, or useful for the conduct of the business of the Company and its Subsidiaries as currently conducted or as proposed to be conducted, including the design, development, manufacture, coding, license, sale, provision, maintenance and support, and use of all Company Products currently under development or in production and (ii) all of the Intellectual Property owned by or used by VMware in connection with the conduct of the business of the Company and its Subsidiaries as conducted by VMware.