Common use of License to ConocoPhillips Group Trademarks Clause in Contracts

License to ConocoPhillips Group Trademarks. Subject to the terms and conditions of this Agreement, and subject to rights of Third Parties and licenses in effect as of the Internal Contribution Date, effective as of the Internal Contribution Date, ConocoPhillips hereby grants, and agrees to cause each other ConocoPhillips Group member to grant, to Xxxxxxxx 66 Company under ConocoPhillips Group Trademarks that are used in the Xxxxxxxx 66 Business as of the Internal Contribution Date, a nonexclusive, fully paid-up, worldwide, non-sublicensable (except as provided in Section 8.2), non-assignable (except as provided in Section 8.1), royalty-free license to use the ConocoPhillips Group Trademarks in commerce in connection with the offer to sell, sell and import of any and all products and services in the conduct of the Xxxxxxxx 66 Business. Xxxxxxxx 66 Company shall acquire no ownership rights in the ConocoPhillips Group Trademarks and all goodwill symbolized by and connected with the use of the ConocoPhillips Group Trademarks by Xxxxxxxx 66 Company shall inure solely to the benefit of ConocoPhillips Company. The term of the license granted in this Section 5.4 shall be thirty-six (36) months.

Appears in 4 contracts

Samples: Assignment and License Agreement, Assignment and License Agreement (Conocophillips), Assignment and License Agreement (Phillips 66)

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