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

Know-How Necessary for the Business. The Intellectual Property Rights are all those necessary for the operation of the Company's businesses as it is currently conducted or as reflected in SEC Documents. The Company is the owner of all right, title, and interest in and to each of the Intellectual Property Rights, free and clear of all liens, security interests, charges, encumbrances, equities, and other adverse claims, other than Permitted Liens, and has the right to use all of the Intellectual Property Rights.

Appears in 2 contracts

Samples: Loan Modification Agreement (Cyberdefender Corp), Revolving Credit Loan Agreement (Cyberdefender Corp)

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Know-How Necessary for the Business. The Intellectual Property Rights are all those necessary for the operation of the Company's ’s businesses as it is currently conducted or as reflected in SEC Documentsconducted. The Company is the owner or licensee of all right, title, and interest in and to each of the Intellectual Property Rights. To the Company’s knowledge, free and clear no employee of all liensthe Company 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, security interestsassign, charges, encumbrances, equities, and other adverse claims, or disclose information concerning his work to anyone other than Permitted Liens, and has the right to use all of the Intellectual Property RightsCompany.

Appears in 2 contracts

Samples: Subscription Agreement (Toughbuilt Industries, Inc), Subscription Agreement (Toughbuilt Industries, Inc)

Know-How Necessary for the Business. The Intellectual Property Rights are all those necessary for the operation of the Company's businesses as it is currently conducted or as reflected in SEC Documents. The Company is the owner of all right, title, and interest in and to each of the Intellectual Property Rights, free and clear of all liens, security interests, charges, encumbrances, equities, and other adverse claims, other than Permitted Liens, and has the right to use without payment to a third party all of the Intellectual Property Rights.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Cyberdefender Corp), Securities Purchase Agreement (Cyberdefender Corp)

Know-How Necessary for the Business. The To the Company’s knowledge: the Company’s Intellectual Property Rights are all those necessary for the operation of the Company's ’s businesses as it is currently conducted or as reflected represented, in SEC Documentswriting, to the Purchasers to be conducted. The To the Company’s knowledge: the Company is the owner of all right, title, and interest in and to each of the Intellectual Property Rights, free and clear of all liens, security interests, charges, encumbrances, equities, and other adverse claims, other than Permitted Liens, and has the right to use all of the Intellectual Property Rights, subject in each case to Permitted Liens.

Appears in 1 contract

Samples: Securities Purchase Agreement (FMC GlobalSat Holdings, Inc.)

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Know-How Necessary for the Business. The To the Company's knowledge: the Company's Intellectual Property Rights are all those necessary for the operation of the Company's businesses as it is currently conducted or as reflected represented, in SEC Documentswriting, to the Purchasers to be conducted. The To the Company's knowledge: the Company is the owner of all right, title, and interest in and to each of the Intellectual Property Rights, free and clear of all liens, security interests, charges, encumbrances, equities, and other adverse claims, other than Permitted Liens, and has the right to use all of the Intellectual Property Rights, subject in each case to Permitted Liens.

Appears in 1 contract

Samples: Securities Purchase Agreement (Bioptix, Inc.)

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