INFRINGEMENT OF TRADEMARK. If Licensee learns of any actual or threatened infringement of the Trademark or of the existence, use, or promotion of any xxxx or design similar to the Trademark, Licensee shall promptly notify Licensor. Licensor has the right to decide at its sole discretion what legal proceedings or other action, if any, shall be taken, by who, how such proceedings or other action shall be conducted, and in whose name such proceedings or other action shall be performed. Any legal proceedings instituted pursuant to this Section shall be for the sole benefit of Licensor and all sums recovered in such proceedings, whether by judgment, settlement, or otherwise, shall be retained solely and exclusively by Licensor.
Appears in 3 contracts
Samples: Trademark License Agreement (Tenneco Inc /De), Trademark License Agreement (Tenneco Inc /De), Trademark License Agreement (Newport News Shipbuilding Inc)
INFRINGEMENT OF TRADEMARK. If Licensee learns of any actual or threatened infringement of the Trademark or of the existence, use, or promotion of any xxxx or design similar to the Trademark, Licensee shall promptly notify Licensor. Licensor has the right to decide at its sole discretion what legal proceedings or other action, if any, shall be taken, by who, how such proceedings or other action shall be conducted, and in whose name such proceedings or other action shall be performed. Any legal proceedings instituted pursuant to this Section shall be for the sole benefit of Licensor and all sums recovered in such proceedings, whether by judgment, settlement, or otherwise, shall be retained solely and exclusively by Licensor.. 2
Appears in 1 contract
Samples: Trademark Transition License Agreement (New Tenneco Inc)
