Intellectual Property of Licensee Sample Clauses

Intellectual Property of Licensee. Nothing in this XXXX or otherwise shall give Givex any right, title to, or interest in the Intellectual Property of Licensee.
Sample 1
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Intellectual Property of Licensee. COMPANY acknowledges that any trademarks, service marks, trade names, patents, and copyrighted works owned by Licensee or its Affiliates ("Licensee's Intellectual Property") and Licensee's Know-how is the sole and exclusive property of Licensee and its Affiliates. Any unauthorized use of Licensee's Intellectual Property by COMPANY or Know-how or any attempt by COMPANY to appropriate or claim ownership of any of Licensee's Intellectual Property shall constitute a breach of this Agreement and an infringement of the rights of Licensee and its Affiliates. COMPANY acknowledges and agrees that all usage of Licensee's Intellectual Property by COMPANY and any goodwill established thereby shall inure to the exclusive benefit of Licensee and that this Agreement does not confer any goodwill or other interest in Licensee's Intellectual Property upon COMPANY. All provisions of this Agreement applicable to Licensee's Intellectual Property shall apply to any other trademarks, service marks, commercial symbols and copyrighted materials hereafter owned by Licensee or its Affiliates. In the event COMPANY acquires rights in any Licensee's Intellectual Property, COMPANY undertakes that it will execute all documents necessary or desirable to vest ownership of such rights in Licensee or its Affiliates and hereby grants to the Licensee a Power of Attorney to execute such documents in the event COMPANY fails or refuses to do so, this Power of Attorney being coupled with an interest and, therefore, irrevocable.
Sample 1
Intellectual Property of Licensee 
Sample 1

Related to Intellectual Property of Licensee

  • Intellectual Property The Company and the Subsidiaries have, or have rights to use, all patents, patent applications, trademarks, trademark applications, service marks, trade names, trade secrets, inventions, copyrights, licenses and other intellectual property rights and similar rights necessary or required for use in connection with their respective businesses as described in the SEC Reports and which the failure to so have could have a Material Adverse Effect (collectively, the “Intellectual Property Rights”). None of, and neither the Company nor any Subsidiary has received a notice (written or otherwise) that any of, the Intellectual Property Rights has expired, terminated or been abandoned, or is expected to expire or terminate or be abandoned, within two (2) years from the date of this Agreement. Neither the Company nor any Subsidiary has received, since the date of the latest audited financial statements included within the SEC Reports, a written notice of a claim or otherwise has any knowledge that the Intellectual Property Rights violate or infringe upon the rights of any Person, except as could not have or reasonably be expected to not have a Material Adverse Effect. To the knowledge of the Company, all such Intellectual Property Rights are enforceable and there is no existing infringement by another Person of any of the Intellectual Property Rights. The Company and its Subsidiaries have taken reasonable security measures to protect the secrecy, confidentiality and value of all of their intellectual properties, except where failure to do so could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

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