Common use of Action on Infringement Clause in Contracts

Action on Infringement. Buyer agrees to notify Seller in writing of any infringements or imitations by others of the Marks of which Buyer becomes aware. Seller shall have the sole right to determine whether or not any action shall be taken on account of any alleged infringements or imitations of the Marks. Buyer shall not initiate any suit or take any action on account of any such infringements or imitations without first obtaining the written consent of Seller. Buyer shall not be entitled to share in any proceeds received by Seller by settlement or otherwise in connection with any formal or informal action brought by Seller relating to the Marks.

Appears in 4 contracts

Samples: License Agreement, Trademark License Agreement (CST Brands, Inc.), Trademark License Agreement (CST Brands, Inc.)

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