ABB Intellectual Property Clause Samples
The 'ABB Intellectual Property' clause defines the ownership, use, and protection of intellectual property (IP) rights related to ABB's products, services, or technology. Typically, this clause clarifies whether ABB retains all rights to patents, trademarks, copyrights, and trade secrets developed or provided under the agreement, and may outline any licenses granted to the other party for limited use. Its core function is to ensure that ABB's proprietary innovations and brand assets are safeguarded, preventing unauthorized use or disclosure and clearly allocating IP rights between the parties.
ABB Intellectual Property. 11.6.1 The Purchasers shall not, and shall cause their Affiliates (including, after Completion, the Acquired Companies) not to, register, or attempt to register, or use, directly or indirectly, in any fashion whatsoever any trademark, service ▇▇▇▇, domain name, trade name or other indicia of origin that includes, is identical to or is confusingly similar to, any of the trademarks, service marks, Internet domain names, trade names or other indicia of origin (including the words “ABB”, “BBC”, “Asea” or “Boveri” or any derivatives thereof) known by, or made known to, any Acquired Company to be owned as of the Completion Date by any member of the ABB Group (collectively, “ABB Marks”), nor shall any of them challenge or assist any third Person in opposing the rights of any member of the ABB Group anywhere in the world in and to any ABB ▇▇▇▇.
11.6.2 Any provisions contained in any Contracts between any member of the ABB Group, on the one hand, and any Acquired Company, on the other hand, relating to the use of any ABB ▇▇▇▇ or anything confusingly similar thereto, including all name protection and license agreements, shall immediately and automatically terminate as of the Completion Date.
11.6.3 Without limiting the generality of Clause 11.6.1, the Purchasers shall:
(a) subject to Applicable Law, ensure that, as soon as practicable (but in no event more than sixty (60) days following the Completion Date with respect to materials that publicly display any ABB Marks or are otherwise distributed to the public (including letterhead, advertising materials, marketing brochures and the like)), any materials bearing any ABB ▇▇▇▇ are either destroyed or otherwise permanently altered so that the former use of any ABB ▇▇▇▇ is entirely unrecognisable and undetectable;
(b) ensure that, as soon as practicable (but in no event more than sixty (60) days following the Completion Date), any hypertext links to Internet web sites operated by any member of the ABB Group and any other use of any ABB ▇▇▇▇ are removed from any Internet web sites operated by any Acquired Company; provided, however, that, notwithstanding the foregoing, the Purchasers shall ensure such removal on or before the fifth (5th) day after it or any Acquired Company becomes aware of such links or use; and
(c) procure that, as soon as practicable (but in no event more than one hundred and twenty (120) days following the Completion Date), the Acquired Companies take all action necessary to remove all references to a...
ABB Intellectual Property