Common use of Know-How Necessary for the Business Clause in Contracts

Know-How Necessary for the Business. Except as set forth in the SEC Reports, the Intellectual Property Rights are all those necessary for the operation of the Company’s and Subsidiaries’ businesses as currently conducted or as represented to the Purchaser to be conducted. Each of the Company and each Subsidiary is the owner of all right, title, and interest in and to each of their respective Intellectual Property Rights, free and clear of all Liens, and adverse claims, and has the right to use all of the Intellectual Property Rights. To the Company’s knowledge, no employee of the Company or any Subsidiary has entered into any contract that restricts or limits in any way the scope or type of work in which the employee may be engaged or requires the employee to transfer, assign, or disclose information concerning his work to anyone other than the Company or a Subsidiary.

Appears in 12 contracts

Samples: Securities Purchase Agreement (Conversion Labs, Inc.), Securities Purchase Agreement (Generex Biotechnology Corp), Securities Purchase Agreement (Generex Biotechnology Corp)

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Know-How Necessary for the Business. Except as set forth in the SEC Reports, the Intellectual Property Rights are all those necessary for the operation of the Company’s and Subsidiaries’ businesses as it is currently conducted or as represented represented, in writing, to the Purchaser to be conducted. Each of the The Company and each Subsidiary is the owner of all right, title, and interest in and to each of their respective the Intellectual Property Rights, free and clear of all Liensliens, security interests, charges, encumbrances, equities, and other adverse claims, and has the right to use all of the Intellectual Property Rights. To the Company’s knowledge, no employee of the Company or any Subsidiary has entered into any contract that restricts or limits in any way the scope or type of work in which the employee may be engaged or requires the employee to transfer, assign, or disclose information concerning his work to anyone other than of the Company or a SubsidiaryCompany.

Appears in 2 contracts

Samples: Securities Purchase Agreement (iHookup Social, Inc.), Securities Purchase Agreement (NXT-Id, Inc.)

Know-How Necessary for the Business. Except as set forth in the SEC Reports, the Intellectual Property Rights are all those necessary for the operation of the Company’s and Subsidiaries’ businesses as currently conducted or as represented to the New Purchaser and Other Purchasers to be conducted. Each of the Company and each its Subsidiary is the owner of all right, title, and interest in and to each of their respective Intellectual Property Rights, free and clear of all Liens, and adverse claims, and has the right to use all of the Intellectual Property Rights. To the Company’s knowledge, no employee of the Company or any its Subsidiary has entered into any contract that restricts or limits in any way the scope or type of work in which the employee may be engaged or requires the employee to transfer, assign, or disclose information concerning his work to anyone other than the Company or a Subsidiary.

Appears in 1 contract

Samples: Securities Purchase Agreement (Emerald Medical Applications Corp.)

Know-How Necessary for the Business. Except as set forth in the SEC ReportsSchedule 3.1(j), the Intellectual Property Rights are all those necessary for the operation of the Company’s and Subsidiaries’ businesses as it is currently conducted or as represented represented, in writing, to the Purchaser to be conducted. Each of the The Company and each Subsidiary is the owner of all right, title, and interest in and to each of their respective the Intellectual Property Rights, free and clear of all Liensliens, security interests, charges, encumbrances, equities, and other adverse claims, and has the right to use all of the Intellectual Property Rights. To the Company’s knowledge, no employee of the Company or any Subsidiary has entered into any contract that restricts or limits in any way the scope or type of work in which the employee may be engaged or requires the employee to transfer, assign, or disclose information concerning his work to anyone other than of the Company or a SubsidiaryCompany.

Appears in 1 contract

Samples: Securities Purchase Agreement (Vapor Corp.)

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Know-How Necessary for the Business. Except as set forth in the SEC OTC Reports, the Intellectual Property Rights are all those necessary for the operation of the Company’s and Subsidiaries’ businesses as currently conducted or as represented to the Purchaser to be conducted. Each of the Company and each Subsidiary is the owner of all right, title, and interest in and to each of their respective Intellectual Property Rights, free and clear of all Liens, and adverse claims, and has the right to use all of the Intellectual Property Rights. To the Company’s knowledge, no employee of the Company or any Subsidiary has entered into any contract that restricts or limits in any way the scope or type of work in which the employee may be engaged or requires the employee to transfer, assign, or disclose information concerning his work to anyone other than the Company or a Subsidiary.

Appears in 1 contract

Samples: Securities Purchase Agreement (Alternus Energy Inc.)

Know-How Necessary for the Business. Except as set forth in the SEC Reports, to the Company’s knowledge, the Intellectual Property Rights are all those necessary for the operation of the Company’s and Subsidiaries’ businesses as it is currently conducted or as represented represented, in writing, to the Purchaser to be conducted. Each of To the Company’s knowledge, the Company and each Subsidiary is the owner of all right, title, and interest in and to each of their respective the Intellectual Property Rights, free and clear of all Liens, and adverse claims, and has the right to use all of the Intellectual Property Rights. To the Company’s knowledge, no employee of the Company or any Subsidiary has entered into any contract that restricts or limits in any way the scope or type of work in which the employee may be engaged or requires the employee to transfer, assign, or disclose information concerning his work to anyone other than of the Company or a SubsidiaryCompany.

Appears in 1 contract

Samples: Securities Purchase Agreement (Andalay Solar, Inc.)

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