Actions Regarding Intellectual Property Clause Samples
The "Actions Regarding Intellectual Property" clause defines the rights and responsibilities of the parties concerning the creation, use, protection, and enforcement of intellectual property (IP) within the scope of the agreement. It typically outlines who owns any IP developed during the relationship, how existing IP is handled, and the procedures for addressing potential infringements or disputes. For example, it may specify that inventions made by an employee belong to the employer, or that each party retains ownership of their pre-existing IP. The core function of this clause is to prevent misunderstandings and disputes by clearly allocating IP rights and setting expectations for how IP will be managed throughout the contractual relationship.
Actions Regarding Intellectual Property. Subject to Term Loan Intercreditor Agreement, if any Event of Default shall have occurred and be continuing, upon the written demand of Administrative Agent, execute and deliver to the Administrative Agent an assignment or assignments of the registered Patents, Trademarks and/or Copyrights (as each such term is defined in the Security Agreement) and such other documents as are necessary or appropriate to carry out the intent and purposes of hereof and of the Security Agreement to the extent such assignment does not result in any loss of rights therein under applicable Law. Within five (5) Business Days of written notice thereafter from Administrative Agent, each Loan Party shall make available to Administrative Agent, to the extent within such Loan Party’s power and authority, such personnel in such Loan Party’s employ on the date of the Event of Default as Administrative Agent may reasonably designate to permit such Loan Party to continue, directly or indirectly, to produce, advertise and sell the products and services sold by such Loan Party under the registered Patents, Trademarks and/or Copyrights, and such Persons shall be available to perform their prior functions on Administrative Agent’s behalf. 5048719.15048719.6 143
Actions Regarding Intellectual Property. If any Event of Default shall have occurred and be continuing, within five (5) Business Days of written notice thereafter from Administrative Agent, each Loan Party shall make available to Administrative Agent, to the extent within such Loan Party’s power and authority, such personnel in such Loan Party’s employ on the date of the Event of Default as Administrative Agent may reasonably designate to permit such Loan Party to continue, directly or indirectly, to produce, advertise and sell the products and services sold by such Loan Party under the registered Patents, Trademarks and/or Copyrights, and such Persons shall be available to perform their prior functions on Administrative Agent’s behalf.
Actions Regarding Intellectual Property. Not take or fail to take any action, nor permit any action to be taken by others that are subject to such Obligor's control which would affect the validity and enforcement of the Intellectual Property of such Obligor, or impair the value of such Intellectual Property.
Actions Regarding Intellectual Property. Except to the extent that Investor shall give its prior written consent,
(i) Company (either itself or through licensees) will continue to use the Trademarks in connection with each and every trademark class of goods or services applicable to its current line as reflected in its current catalogs, brochures, price lists or similar materials in order to maintain the Trademarks in full force and effect free from any claim of abandonment for nonuse, and Company will not (and will not permit any licensee thereof to) do any act or knowingly omit to do any act whereby any Trademark may become invalidated; and
(ii) Company will not do any act, or omit to do any act whereby any Patent or Copyright may become abandoned or dedicated or the remedies available against potential infringers materially weakened and shall notify Investor immediately if Company knows of any reason or has reason to know that any Patent or Copyright may become abandoned or dedicated.
Actions Regarding Intellectual Property. If any Event of Default shall have occurred and be continuing, within five (5) Business Days of written notice thereafter from Agent, each Obligor shall make available to Agent, to the extent within such Obligor’s power and authority, such personnel in such Obligor’s employ on the date of the Event of Default as Agent may reasonably designate to permit such Obligor to continue, directly or indirectly, to produce, advertise and sell the products and services sold by such Obligor under the registered Patents, Trademarks and/or Copyrights, and such Persons shall be available to perform their prior functions on Agent’s behalf.