Common use of Defense of Intellectual Property Clause in Contracts

Defense of Intellectual Property. Grantor shall (a) protect, defend and maintain the validity and enforceability of its Copyrights, Patents and Trademarks, (b) use its best efforts to detect infringements of its Copyrights, Patents and Trademarks and promptly advise Secured Party in writing of material infringements detected and (c) not allow any of its Copyrights, Patents or Trademarks to be abandoned, forfeited or dedicated to the public without the prior written consent of Secured Party.

Appears in 3 contracts

Samples: Security Agreement (Mikohn Gaming Corp), Security Agreement (Virtgame Com Corp), Security Agreement (Winwin Gaming Inc)

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Defense of Intellectual Property. Grantor shall (a) protect, defend defend, and maintain the validity and enforceability of its the Copyrights, Patents and Trademarks, (b) use its best efforts to detect infringements of its the Copyrights, Patents and Trademarks and promptly advise Secured Party in writing of material infringements detected and (c) not allow any of its Copyrights, Patents Patents, or Trademarks to be abandoned, forfeited forfeited, or dedicated to the public without the prior written consent of Secured Party.

Appears in 3 contracts

Samples: Security Agreement (Tripp Steven Francis), Security Agreement (Spatialight Inc), Security Agreement (Spatialight Inc)

Defense of Intellectual Property. Grantor shall (ai) protect, defend and maintain the validity and enforceability of its the Copyrights, Patents and Trademarks, (bii) use its best efforts to detect infringements of its the Copyrights, Patents and Trademarks and promptly advise Secured Party in writing of material infringements detected and (ciii) not allow any of its Copyrights, Patents or Trademarks to be abandoned, forfeited or dedicated to the public without the prior written consent of Secured Party.

Appears in 3 contracts

Samples: Security Agreement (Burst Com Inc), Agreement and Plan of Merger and Reorganization (Lightspan Inc), Security Agreement (Internet Pictures Corp)

Defense of Intellectual Property. Grantor shall (a) use its commercially reasonable efforts to protect, defend and maintain the validity and enforceability of its the Copyrights, Patents and Trademarks, (b) use its best commercially reasonable efforts to detect infringements of its the Copyrights, Patents and Trademarks and promptly advise the Secured Party Parties in writing of material infringements detected and (c) not allow any of its Copyrights, Patents or Trademarks to be abandoned, forfeited or dedicated to the public without the prior written consent of Secured Partythe Majority Lenders unless reasonable business practice would determine that any such abandonment is appropriate.

Appears in 2 contracts

Samples: Security Agreement (Igi Inc), Security Agreement (Merriman Curhan Ford Group, Inc.)

Defense of Intellectual Property. Grantor shall (a) protect, defend and maintain the validity and enforceability of its Copyrights, Patents and Trademarks, (b) use its best commercially reasonable efforts to detect infringements of its Copyrights, Patents and Trademarks and promptly advise Secured Party in writing of material infringements detected and (c) not allow any of its Copyrights, Patents or Trademarks to be abandoned, forfeited or dedicated to the public without the prior written consent of Secured Party.

Appears in 2 contracts

Samples: Intellectual Property Security Agreement (Clinical Data Inc), Intellectual Property Security Agreement (Avalon Pharmaceuticals Inc)

Defense of Intellectual Property. Grantor shall (ai) protect, defend and maintain the validity and enforceability of its all material current and future Copyrights, . Patents and Trademarks, (bii) use its best efforts to detect material infringements of its such Copyrights, Patents and Trademarks and promptly advise Secured Party in writing of material infringements detected and (ciii) not allow any of its material Copyrights, Patents or Trademarks to be abandoned, forfeited or dedicated to the public without the prior written consent of Secured PartyParty in each case unless reasonable business practice would determine that any such failure to act or abandonment is appropriate.

Appears in 1 contract

Samples: Security Agreement (Western Multiplex Corp)

Defense of Intellectual Property. Grantor shall (ai) protect, defend and maintain the validity and enforceability of its the Copyrights, Patents and Trademarks, (bii) use its best efforts to detect infringements of its the Copyrights, Patents and Trademarks and promptly advise Secured Party in writing of material infringements detected and (ciii) not allow any of its Copyrights, Patents or Trademarks to be abandoned, forfeited or dedicated to the public without the prior written consent of Secured PartyParty unless reasonable business practice would determine that any such abandonment is appropriate.

Appears in 1 contract

Samples: Credit Agreement (Software Net Corp)

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Defense of Intellectual Property. Grantor shall shall: (ai) use commercially reasonable efforts to protect, defend and maintain the validity and enforceability of its the Copyrights, Patents and Trademarks, (bii) use its best efforts to detect infringements of its the Copyrights, Patents and Trademarks and promptly advise the Secured Party in writing of material infringements detected and (ciii) use its best efforts to not allow any of its Copyrights, Patents or Trademarks to be abandoned, forfeited or dedicated to the public without the prior written consent of the Secured PartyParty unless reasonable business practice would determine that any such abandonment is appropriate.

Appears in 1 contract

Samples: Loan Agreement (Vaxgen Inc)

Defense of Intellectual Property. Grantor shall (ai) protect, defend and maintain the validity and enforceability of its Copyrights, Patents and Trademarks, (bii) use its best commercially reasonable efforts to detect infringements of its Copyrights, Patents and Trademarks and promptly advise Secured Party the Collateral Agent in writing of material infringements detected and (ciii) not allow any of its Copyrights, Patents or Trademarks to be abandoned, forfeited or dedicated to the public without the prior written consent of Secured Partythe Collateral Agent.

Appears in 1 contract

Samples: Security Agreement (Vaxgen Inc)

Defense of Intellectual Property. Grantor shall (ai) protect, defend and maintain the validity and enforceability of its all current and future Copyrights, Patents and Trademarks, (bii) use its best commercially reasonable efforts to detect infringements of its such Copyrights, Patents and Trademarks and promptly advise Secured Party Bank in writing of material infringements detected and (ciii) not allow any of its Copyrights, Patents or Trademarks that are material to the conduct of Grantor’s business or are related to the maintenance of the value of the brand name created by Grantor to be abandoned, forfeited or dedicated to the public without the prior written consent of Secured Partypublic.

Appears in 1 contract

Samples: Intellectual Property Security Agreement (XCel Brands, Inc.)

Defense of Intellectual Property. Grantor shall (ai) protect, defend and maintain the validity and enforceability of its all current and future Copyrights, Patents and Trademarks, (bii) use its best commercially reasonable efforts to detect infringements of its such Copyrights, Patents and Trademarks and promptly advise Secured Party Bank in writing of material infringements detected and (ciii) not allow any of its Copyrights, Patents or Trademarks to be abandoned, forfeited or dedicated to the public without the prior written consent of Secured Partypublic.

Appears in 1 contract

Samples: Intellectual Property Security Agreement (XCel Brands, Inc.)

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