Common use of Defense of Intellectual Property Clause in Contracts

Defense of Intellectual Property. Debtor shall (i) use commercially reasonable efforts to protect, defend and maintain the validity and enforceability of its material copyrights, patents, trademarks and trade secrets, (ii) use commercially reasonable efforts to detect infringements of its copyrights, patents, trademarks and trade secrets and promptly advise Secured Party in writing of material infringements detected and (iii) not allow any copyrights, patents, trademarks or trade secrets material to Debtor’s business to be abandoned, forfeited or dedicated to the public without the written consent of Secured Party.

Appears in 2 contracts

Samples: Line of Credit Agreement (Boxlight Corp), Security Agreement (Siricomm Inc)

AutoNDA by SimpleDocs

Defense of Intellectual Property. Debtor and Pledgor shall (i) use commercially reasonable efforts to protect, defend and maintain the validity and enforceability of its material copyrights, patents, trademarks and trade secrets, ; (ii) use commercially reasonable efforts to detect infringements of its copyrights, patents, trademarks and trade secrets and promptly advise Secured Party in writing of material infringements detected detected; and (iii) not allow any copyrights, patents, trademarks or trade secrets material to DebtorPledgor’s business businesses to be abandoned, forfeited or dedicated to the public domain without the written consent of Secured Party.

Appears in 2 contracts

Samples: Security Agreement (Youngevity International, Inc.), Security Agreement (Youngevity International, Inc.)

Defense of Intellectual Property. Debtor shall (i) use commercially reasonable efforts to protect, defend and maintain the validity and enforceability of its material copyrights, patents, trademarks and trade secrets, ; (ii) use commercially reasonable efforts to detect infringements of its copyrights, patents, trademarks and trade secrets and promptly advise Secured Party in writing of material infringements detected detected; and (iii) not allow any copyrights, patents, trademarks or trade secrets material to DebtorPledgor’s business businesses to be abandoned, forfeited or dedicated to the public domain without the written consent of Secured Party.

Appears in 2 contracts

Samples: Security Agreement (Medite Cancer Diagnostics, Inc.), Security Agreement (Medite Cancer Diagnostics, Inc.)

AutoNDA by SimpleDocs

Defense of Intellectual Property. Debtor shall (i) use commercially reasonable efforts to protect, defend and maintain the validity and enforceability of its material copyrights, patents, trademarks and trade secrets, (ii) use commercially reasonable efforts to detect infringements of its copyrights, patents, trademarks and trade secrets and promptly advise Secured Party in writing of material infringements detected and (iii) not allow any copyrights, patents, trademarks or trade secrets material to Debtor’s 's business to be abandoned, forfeited or dedicated to the public without the written consent of Secured Party.

Appears in 1 contract

Samples: Security Agreement (Siricomm Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!