Infringement or Dilution Clause Samples
The 'Infringement or Dilution' clause defines the parties' responsibilities and remedies in the event that intellectual property rights, such as trademarks or copyrights, are infringed or diluted. Typically, this clause outlines the procedures for notifying the affected party, the steps required to address or remedy the infringement, and may specify who is responsible for enforcing rights or pursuing legal action. Its core function is to protect the value and integrity of intellectual property by ensuring that any unauthorized use or weakening of rights is promptly addressed, thereby minimizing legal and financial risks for the parties involved.
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Infringement or Dilution. Licensee shall promptly notify Licensor upon becoming aware of any infringement or dilution of the Licensed Property. Licensor has the exclusive right to take, and shall take, such steps to stop such infringement or dilution as may be reasonably necessary in its reasonable determination to protect the Licensed Property. Licensee shall cooperate fully with Licensor to stop such infringement or dilution. Licensor shall have full control over any such action, including without limitation the right to select counsel, to settle on any terms it deems advisable in its discretion, to appeal any adverse decision rendered in any court, to discontinue any action taken by it, and otherwise to make any decision in respect thereto as it deems advisable in its discretion. Licensor shall bear all expenses connected with the foregoing, including for Licensee’s cooperation. To the extent Licensee has proven damages resulting from such infringement or dilution, Licensee shall share in the amount recovered, if any, net of Licensor’s expenses in connection with such action, pro-rata with Licensor’s damages in such action.
Infringement or Dilution. Distributor shall promptly notify Supplier upon becoming aware of any infringement or dilution of the Licensed Marks. Supplier has the exclusive right to take, and shall take, such steps to stop such infringement or dilution as may be reasonably necessary in its reasonable determination to protect the Licensed Marks. Distributor shall cooperate fully with Supplier to stop such infringement or dilution.
Infringement or Dilution