Common use of Employees; Contractors Clause in Contracts

Employees; Contractors. The Seller has not granted to any person or authorized any person to retain any rights in any Seller owned Purchased Assets. All persons who have contributed to the Purchased Assets which are owned or purported to be owned by Seller (i) have executed a valid and enforceable agreement assigning all of such person’s rights in and to such Seller owned Purchased Assets to the Seller; and (ii) have executed and are legally bound by valid and enforceable nondisclosure agreement applicable to the Seller’s confidential information and trade secrets to which the Seller is the beneficiary either directly or indirectly.

Appears in 3 contracts

Samples: Intellectual Property Purchase Agreement, Assignment and Assumption Agreement (Lifequest World Corp.), Intellectual Property Purchase Agreement (Signal Genetics, Inc.)

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Employees; Contractors. The Seller has not granted to any person or authorized any person to retain any rights in any Seller owned Purchased Assets. All persons who have contributed to the Purchased Assets which are owned or purported to be owned by Seller (i) have executed a valid and enforceable agreement assigning all of such person’s rights in and to such Seller owned Purchased Assets to the Seller; and (ii) have executed and are legally bound by valid and enforceable nondisclosure agreement applicable to the Seller’s confidential information and trade secrets to which the Seller is the beneficiary either directly or indirectly.

Appears in 2 contracts

Samples: Share Purchase Agreement (Lifequest World Corp.), Assignment and Assumption Agreement (Lifequest World Corp.)

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