Common use of Waiver or Assignment of Other Rights Clause in Contracts

Waiver or Assignment of Other Rights. As necessary to establish the ownership set forth in Section 4.1, if Arena has any rights to Longboard Property that cannot be assigned to Longboard, Arena unconditionally and irrevocably waives the enforcement of such rights, and all claims and causes of action of any kind against Longboard or its licensors with respect to such rights to Longboard Property. As necessary to establish the ownership set forth in Section 4.1, if Arena has any right to the Longboard Property that cannot be assigned to Longboard or waived by Arena, Arena unconditionally and irrevocably grants to Longboard during the term of such rights, an exclusive, irrevocable, perpetual, worldwide, fully paid and royalty-free license, with rights to sublicense through multiple levels of sublicensees, to use, practice, reproduce, create derivative works of, distribute, publicly perform and publicly display by all means now known or later developed such rights. Without limitation to the foregoing, Arena hereby concurrently and permanently waives all paternity, integrity, special, moral or similar rights, if any, that vest or may vest in Arena as of the date any Longboard Property owned by Longboard is created under the provisions of any Applicable Laws, and Arena hereby agrees to secure such permanent waiver of such rights, if any, that vest or may vest in Arena’s employees or subcontractors under such Applicable Laws. Arena further acknowledges and agrees that through the complete and permanent waiver contained herein Arena will ensure that Arena’s employees’ legal heirs do not retain any paternity, integrity, moral, special or similar rights in and to the Longboard Property owned by Longboard.