Common use of Intellectual Property Rights and Government Approvals Clause in Contracts

Intellectual Property Rights and Government Approvals. Included in Section 4.8.1 of the Disclosure Schedule is a true and complete list of all patents, trademarks, service marks, trade names, copyrights (which have been filed with the federal copyright authorities) and rights or licenses to use the same, and any and all applications therefor, presently owned or held by the Company or any of its Subsidiaries. Such patents, trademarks, service marks, trade names, copyrights and rights or licenses to use the same, and any and all applications therefor, as well as all trade secrets and similar proprietary information owned or held by the Company or any of its Subsidiaries, are all that are required to enable the Company or any of its Subsidiaries to conduct its business as now conducted, and the Company and each of its Subsidiaries believe that they either now own, have the right to use, possesses or will be able to obtain possession of or develop, and (with respect to its trade secrets and similar proprietary information) have provided adequate safeguards and security for the protection of, all such rights which it will require to conduct their business as proposed to be conducted. Neither the Company nor any of its Subsidiaries nor any member of the Executive Management Team has received any formal or informal notice of infringement or other complaint that the Company’s or any Subsidiary’s operations traverse or infringe rights under patents, trademarks, service marks, trade names, trade secrets, copyrights or licenses or any other proprietary rights of others, nor do the Company or any of its Subsidiaries or members of the Executive Management Team have any reason to believe that there has been any such infringement. To the Executive Management Team’s Best Knowledge, no person affiliated with the Company or any of its Subsidiaries has wrongfully employed any trade secrets or any confidential information or documentation proprietary to any former employer, and no person affiliated with the Company or any of its Subsidiaries has violated any confidential relationship which such person may have had with any third party. To the Executive Management Team’s Best Knowledge, the Company and each of its Subsidiaries has and will have full right and authority to utilize the processes, systems and techniques presently employed by it in the design, development and manufacture of its present products and all of its other present or presently contemplated products and all rights to any processes, systems and techniques developed by any employee or consultant of the Company or any of its Subsidiaries have been and will be duly and validly assigned to the Company or the applicable Subsidiary. To the Best Knowledge of the Executive Management Team, no royalties, honorariums or fees are or will be payable by the Company or any of its Subsidiaries to other persons by reason of the ownership or use by the Company or any of its Subsidiaries of said patents, trademarks, service marks, trade names, trade secrets, copyrights or rights or licenses to use the same or similar proprietary information, or any and all applications therefor. The Company and each of its Subsidiaries has all material governmental approvals, authorizations, consents, licenses and permits necessary or required to conduct its business as currently conducted or as proposed to be conducted.

Intellectual Property Rights and Government Approvals. Included in Section 4.8.1 of the Disclosure Schedule is a true and complete list of all patents, trademarks, service marks, trade names, copyrights (which have been filed with the federal copyright authorities) and rights or licenses to use the same, and any and all applications therefor, presently owned or held by the Company or any of its Subsidiaries. Such The patents, trademarks, service marks, trade names, copyrights and rights or licenses to use the same, and any and all applications therefor, as well as all the trade secrets and similar proprietary information information, owned or held by the Company or any of its Subsidiaries, (the "Intellectual Property Rights") are all that are required to enable the Company or any of its Subsidiaries to conduct its business as now conducted, and except for such failures to own or hold as, in the aggregate, would not have a Material Adverse Effect. As of the date hereof, there is no individual Intellectual Property Right for which the Company and each has paid or currently pays in excess of its Subsidiaries believe that they either now own, have $5,000 per annum for the right to use. As of the date hereof, possesses or will be able to obtain possession of or develop, and (with respect to its trade secrets and similar proprietary information) have provided adequate safeguards and security for the protection of, all such rights which it will require to conduct their business as proposed to be conducted. Neither the Company nor any of its Subsidiaries nor any member of the Executive Management Team has not received any formal or informal notice of infringement or other complaint that the Company’s or any Subsidiary’s 's operations traverse or infringe rights under patents, trademarks, service marks, trade names, trade secrets, copyrights or licenses or any other proprietary rights of others. As of the date hereof, nor do the Company or any of its Subsidiaries or members of the Executive Management Team have any has no reason to believe that there has been any such infringement. To the Executive Management Team’s Best Knowledge, no No person affiliated with the Company or any of its Subsidiaries has wrongfully employed employed, in connection with their affiliation with the Company, any trade secrets or any confidential information or documentation proprietary to any former employer, and and, to the Company's Best Knowledge, no person affiliated with the Company or any of its Subsidiaries has violated any confidential relationship which such person may have had with any third partyparty except for any such wrongful employment or violations as, in the aggregate would not have a Material Adverse Effect. To The Company has the Executive Management Team’s Best Knowledge, the Company and each of its Subsidiaries has and will have full right and authority to utilize the processes, systems and techniques presently employed by it in the design, development and manufacture of its present products and all of its other present or presently contemplated products and all rights to any material processes, systems and techniques developed by any employee or consultant of the Company or any of its Subsidiaries have been and will be duly and validly assigned to the Company Company, except to the extent the failure to have such right or authority or to obtain such assignment, in the applicable Subsidiaryaggregate, would not have a Material Adverse Effect. To the Best Knowledge Except as set forth in Exhibit 3.6, as of the Executive Management Team, date hereof no royalties, honorariums honoraria or fees are or will be payable by the Company or any of its Subsidiaries to other persons by reason of the ownership or use by the Company or any of its Subsidiaries of said patents, trademarks, service marks, trade names, trade secrets, copyrights or rights or licenses to use the same or similar proprietary information, or any and all applications thereforIntellectual Property Rights. The Company and each of its Subsidiaries has all material governmental approvals, authorizations, consents, licenses and permits necessary or required to conduct its business as currently conducted except for such approvals, authorizations, consents, licenses or as proposed permits, the failure of which to be conductedobtain, in the aggregate, would not have a Material Adverse Effect.