Common use of Defense of Intellectual Property Clause in Contracts

Defense of Intellectual Property. The Company shall (a) protect, defend and maintain the validity and enforceability of its Patents and Trademarks, (b) use its commercially reasonable efforts to detect infringements of its Patents and Trademarks and promptly advise Secured Party in writing of material infringements detected and (c) not allow any of its 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 (Clinical Data Inc), Security Agreement (Transgenomic Inc), Security Agreement (Clinical Data Inc)

AutoNDA by SimpleDocs

Defense of Intellectual Property. The Company shall (ai) use commercially reasonable efforts to protect, defend and maintain the validity and enforceability of its Patents material copyrights, patents, trademarks and Trademarks, trade secrets; (bii) use its commercially reasonable efforts to detect infringements of its Patents copyrights, patents, trademarks and Trademarks trade secrets and promptly advise Secured Party in writing of material infringements detected detected; and (ciii) not allow any of its Patents copyrights, patents, trademarks or Trademarks trade secrets material to the Company's businesses to be abandoned, forfeited or dedicated to the public domain without the prior written consent of Secured Party.

Appears in 1 contract

Samples: Security Agreement (BioCorRx Inc.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.