Grant of Trademark License. (a) Subject to the terms and conditions set forth in this Agreement (including, without limitation, Section 2.2), PVI hereby grants to Licensees a non-exclusive, non- transferable license to use the Trademarks in connection with Licensees' exploitation of the L-VIS(TM) System under the license granted in Section 2.1. (b) Licensees shall use the Trademarks only in such form and manner as shall be approved from time to time by PVI, including without limitation the identification of PVI as the owner of such Trademarks, and in accordance with all applicable laws and regulations in the Territory. Licensees shall not use the Trademarks in any manner that may jeopardize the significance, distinctiveness or validity thereof. All of Licensees' uses of the Trademark shall inure to the benefit of PVI. Licensees shall not use the Trademarks in combination with any other trademark, trade name or logo of its own or of any Third Party to create a composite trademark or logo, without the prior written consent of PVI. If any Licensee becomes aware of any infringement of the rights of PVI in the Trademarks in the Territory, such Licensee will promptly notify PVI in writing and will join and assist PVI at PVI's sole cost and expense, if such assistance is required, in taking steps as PVI may reasonably request for the protection of PVI's rights. (c) PVI makes no warranty with regard to the validity of the Trademarks or the registration thereof.
Appears in 2 contracts
Samples: Stock and Warrant Purchase Agreement (Princeton Video Image Inc), Stock and Warrant Purchase Agreement (Princeton Video Image Inc)
Grant of Trademark License. (a) Subject to the terms and conditions set forth in this Agreement (including, without limitation, Section 2.2), PVI hereby grants to Licensees a non-exclusive, non- worldwide, royalty-free non-transferable license to use the Trademarks in connection with Licensees' exploitation of the L-VIS(TMiPoint(TM) System Technology under the license granted in Section 2.1.
(b) Licensees shall use the Trademarks only in such form and manner as shall be approved from time to time by PVI, including without limitation the identification of PVI as the owner of such Trademarks, and in accordance with all applicable laws and regulations in the Territory. Licensees shall not use the Trademarks in any manner that may jeopardize the significance, distinctiveness or validity thereof. All of Licensees' uses of the Trademark shall inure to the benefit of PVI. Licensees shall not use the Trademarks in combination with any other trademark, trade name or logo of its own or of any Third Party to create a composite trademark or logo, without the prior written consent of PVI. If any Licensee becomes aware of any infringement of the rights of PVI in the Trademarks in the Territory, such Licensee will promptly notify PVI in writing and will join and assist PVI at PVI's sole cost and expense, if such assistance is required, in taking steps as PVI may reasonably request for the protection of PVI's rights.
(c) PVI makes no warranty with regard to the validity of the Trademarks or the registration thereof.
Appears in 1 contract
Samples: Technology License Agreement (Princeton Video Image Inc)
Grant of Trademark License. (a) Subject to the terms and conditions set forth in this Restated License Agreement (including, without limitation, Section 2.2), PVI hereby grants to Licensees a non-exclusive, non- non-transferable license to use the Trademarks in connection with Licensees' exploitation of the L-VIS(TMVIS(R) System under the license granted in Section 2.1.
(b) Licensees shall use the Trademarks only in such form and manner as shall be approved from time to time by PVI, including without limitation the identification of PVI as the owner of such Trademarks, and in accordance with all applicable laws and regulations in the Territory. Licensees shall not use the Trademarks in any manner that may jeopardize the significance, distinctiveness or validity thereof. All of Licensees' uses of the Trademark shall inure to the benefit of PVI. Licensees shall not use the Trademarks in combination with any other trademark, trade name or logo of its own or of any Third Party to create a composite trademark or logo, without the prior written consent of PVI. If any Licensee becomes aware of any infringement of the rights of PVI in the Trademarks in the Territory, such Licensee will promptly notify PVI in writing and will join and assist PVI at PVI's sole cost and expense, if such assistance is required, in taking steps as PVI may reasonably request for the protection of PVI's rights.
(c) PVI makes no warranty with regard to the validity of the Trademarks or the registration thereof.
Appears in 1 contract
Samples: L Vis System License Agreement (Princeton Video Image Inc)