Common use of Acknowledgment of Rights Clause in Contracts

Acknowledgment of Rights. Licensee hereby acknowledges and agrees that, as between Licensor and Licensee, Licensor is the exclusive owner of all right, title and interest in and to the Licensor Patent Rights. During the term of this Agreement, Licensee will not directly or indirectly: (i) initiate or participate in any proceeding of any kind opposing the grant of any patent, or challenging any patent application, within the Licensor Patent Rights, (ii) dispute the validity or enforceability of any patent within the Licensor Patent Rights or any of the claims thereof, or (iii) assist any other Person to do any of the foregoing (except if required by court order or subpoena); provided, however, the foregoing shall in no way limit Licensee’s ability to defend against or to mitigate any claim brought by Licensor against Licensee. During the term of this Agreement and thereafter, Licensee shall not directly or indirectly interfere improperly with Licensor’s ability to negotiate with any potential licensee under, or any potential purchaser of, the Licensor Patent Rights, or assist any other Person to do the foregoing (except if required by court order or subpoena). This paragraph shall survive termination or expiration of this Agreement for any reason. Any violation of this Article 8 will constitute a material breach of this Agreement.

Appears in 6 contracts

Samples: Sublicense Agreement (Wilshire wShares Enhanced Gold Trust), License Agreement (Goldman Sachs Physical Gold ETF), License Agreement (Currencyshares Japanese Yen Trust)

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Acknowledgment of Rights. Licensee hereby acknowledges and agrees that, as between Licensor and Licensee, Licensor is the exclusive owner of all right, title and interest in and to the Licensor Patent Rights. During the term of this Agreement, and subject to applicable law, Licensee will not directly or indirectly: (i) initiate or participate in any proceeding of any kind opposing the grant of any patent, or challenging any patent application, within the Licensor Patent Rights, (ii) dispute the validity or enforceability of any patent within the Licensor Patent Rights or any of the claims thereof, or (iii) assist any other Person person to do any of the foregoing (except if required by court order or subpoena); provided, however, the foregoing shall in no way limit Licensee’s 's ability to defend against or to mitigate any claim brought by Licensor against Licensee. During the term of this Agreement and thereafter, Licensee shall not directly or indirectly interfere improperly with Licensor’s 's ability to negotiate with any potential licensee under, or any potential purchaser of, the Licensor Patent Rights, or assist any other Person person to do the foregoing (except if required by court order or subpoena). This paragraph shall survive termination or expiration of this Agreement for any reason. Any violation of this Article 8 will constitute a material breach of this Agreement.

Appears in 1 contract

Samples: Patent License Agreement (Franklin Templeton Holdings Trust)

Acknowledgment of Rights. Licensee hereby acknowledges and agrees that, as between Licensor and Licensee, Licensor is the exclusive owner of all right, title and interest in and to the Licensor Patent Rights. During the term of this Agreement, Licensee will not directly or indirectly: (iI) initiate or participate in any proceeding of any kind opposing the grant of any patent, or challenging any patent application, within the Licensor Patent Rights, (iiII) dispute the validity or enforceability of any patent within the Licensor Patent Rights or any of the claims thereof, or (iiiIII) assist any other Person to do any of the foregoing (except if required by court order or subpoena); provided, however, the foregoing shall in no way limit Licensee’s 's ability to defend against or to mitigate any claim brought by Licensor against Licensee. During the term of this Agreement and thereafter, Licensee shall not directly or indirectly interfere improperly with Licensor’s 's ability to negotiate with any potential licensee under, or any potential purchaser of, the Licensor Patent Rights, or assist any other Person to do the foregoing (except if required by court order or subpoena). This paragraph shall survive termination or expiration of this Agreement for any reason. Any violation of this Article 8 will constitute a material breach of this Agreement.

Appears in 1 contract

Samples: License Agreement (Euro Currency Trust)

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Acknowledgment of Rights. Licensee hereby acknowledges and agrees that, as between Licensor and Licensee, Licensor is the exclusive owner of all right, title and interest in and to the Licensor Patent Rights. During the term of this Agreement, and subject to applicable law, Licensee will not directly or indirectly: (i) initiate or participate in any proceeding of any kind opposing the grant of any patent, or challenging any patent application, within the Licensor Patent Rights, (ii) dispute the validity or enforceability of any patent within the Licensor Patent Rights or any of the claims thereof, or (iii) assist any other Person to do any of the foregoing (except if required by court order or subpoena); provided, however, the foregoing shall in no way limit Licensee’s 's ability to defend against or to mitigate any claim brought by Licensor against Licensee. During the term of this Agreement and thereafter, Licensee shall not directly or indirectly interfere improperly with Licensor’s 's ability to negotiate with any potential licensee under, or any potential purchaser of, the Licensor Patent Rights, or assist any other Person to do the foregoing (except if required by court order or subpoena). This paragraph shall survive termination or expiration of this Agreement for any reason. Any violation of this Article 8 will constitute a material breach of this Agreement.

Appears in 1 contract

Samples: License Agreement (Sprott ESG Gold ETF)

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