Common use of Additional Transfer Clause in Contracts

Additional Transfer. If any Purchased Patent is subject to a Disclaimer Issue after the Effective Date with respect to any other patent or patent application of Seller or its Affiliates, Seller shall transfer, and hereby does transfer, ownership of such patent or patent application to Purchaser without additional consideration and such patent or patent application shall be a Purchased Patent.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Energy Telecom, Inc.), Patent Purchase Agreement (Solid Solar Energy, Inc.), Patent Purchase Agreement (Finishing Touches Home Goods Inc.)

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Additional Transfer. If any Purchased Patent is subject to a Disclaimer Issue after the Effective Date with respect to any other patent or patent application of Seller or its Affiliatesaffiliates, Seller shall transfer, and hereby does transfer, ownership of such patent or patent application to Purchaser without additional consideration and such patent or patent application shall be a Purchased Patent.

Appears in 2 contracts

Samples: Patent Purchase Agreement, Patent Purchase Agreement (Finishing Touches Home Goods Inc.)

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