Common use of LICENSE RESTRICTIONS AND LIMITATIONS Clause in Contracts

LICENSE RESTRICTIONS AND LIMITATIONS. The Parties acknowledge that the purpose of the license granted pursuant to this Section 6.1 is intended only to permit LPS’s use of the FIS Marks during the transition period immediately after the consummation of the Asset Contribution and the Spin-off, so that LPS can undertake an orderly changeover from use of the FIS Marks to use of marks, logos and other intellectual property owned by LPS (or by Persons other than FIS). As a result, until the Transition License Expiration Date, LPS’s use of the FIS Marks is limited to incidental, non-substantive use, such as use by LPS of previously-available corporate materials, stationary, bags, umbrellas, shirts and other corporate memorabilia and paraphernalia bearing the “Fidelity National Information Services” name and/or its logos and service marks or the names, logos and service marks of members of the FIS Group. In no event shall (i) LPS create, reproduce or arrange for the creation or reproduction of any of the FIS Marks, or (ii) LPS use the FIS Marks in any advertising or marketing materials. LPS shall use its commercially reasonable efforts to terminate its use of the FIS Marks as soon as reasonably possible, provided that LPS shall not be obligated to expend monies to revise or reprint corporate incidentals that bear any of the FIS Marks, such as corporate shirts, coasters, bags, etc.

Appears in 4 contracts

Samples: Contribution and Distribution Agreement (Fidelity National Information Services, Inc.), Contribution and Distribution Agreement (Lender Processing Services, Inc.), Contribution and Distribution Agreement (Lender Processing Services, Inc.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!