Common use of Intellectual Property and Other Intangible Assets Clause in Contracts

Intellectual Property and Other Intangible Assets. Sheridan and its Subsidiaries (i) own or have the right to use, free and clear of all Liens, all patents, trademarks, service marks, trade names, and copyrights, and all applications, licenses, and rights with respect to the foregoing, and all trade secrets, including know-how, inventions, designs, processes, works of authorship, computer programs, and technical data and information (collectively, "Intellectual Property") used and sufficient for use in the conduct of its business, without infringing upon or violating any right, Lien, or claim of others, and (ii) except as described in Section 3.19 of the Sheridan Disclosure Letter, is not obligated or under any liability whatsoever to make any payments by way of royalties, fees, or otherwise to any owner or licensee of, or other claimant to, any patent, trademark, service mark, xxade name, copyright, or other intangible asset, with respect to the use thereof or in connection with the conduct of its business or otherwise.

Intellectual Property and Other Intangible Assets. Sheridan and its Subsidiaries (i) own or have the right to use, free and clear of all Liens, all patents, trademarks, service marks, trade names, and copyrights, and all applications, licenses, and rights with respect to the foregoing, and all trade secrets, including know-how, inventions, designs, processes, works of authorship, computer programs, and technical data and information (collectively, "Intellectual Property") used and sufficient for use in the conduct of its business, without infringing upon or violating any right, Lien, or claim of others, and (ii) except as described in Section 3.19 of the Sheridan Disclosure Letter, is not obligated or under any liability whatsoever to make any payments by way of royalties, fees, or otherwise to any owner or licensee of, or other claimant to, any patent, trademark, service markxxxx, xxade trade name, copyright, or other intangible asset, with respect to the use thereof or in connection with the conduct of its business or otherwise.