Common use of Licensee Acknowledgement Clause in Contracts

Licensee Acknowledgement. LICENSEE’s use of the Intellectual Property Rights shall not create any right, title or interest of LICENSEE therein. LICENSEE is authorized and permitted to develop Games, and have manufactured, advertise, market, and sell Licensed Products, only for play on Wii™ and only in accordance with this Agreement. In the event that LICENSEE challenges NINTENDO’s ownership or the validity of the Intellectual Property Rights, NINTENDO may terminate this Agreement without any notice or procedure.

Appears in 2 contracts

Samples: License Agreement, Confidential License Agreement (Activision Inc /Ny)

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Licensee Acknowledgement. LICENSEE’s 's use of the Intellectual Property Rights shall not create any right, title or interest of LICENSEE therein. LICENSEE is authorized and permitted to develop Games, and have manufactured, advertise, market, market and sell Licensed Products, only for play on Wii™ the Nintendo DS system and only in accordance with this Agreement. In the event that LICENSEE challenges NINTENDO’s 's ownership or the validity of the Intellectual Property Rights, NINTENDO may terminate this Agreement without any notice or procedure.

Appears in 1 contract

Samples: Confidential First Renewal License Agreement (Driftwood Ventures, Inc.)

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Licensee Acknowledgement. LICENSEE’s 's use of the Intellectual Property Rights shall not create any right, title or interest of LICENSEE therein. LICENSEE is authorized and permitted to develop Games, and have manufactured, advertise, market, and sell Licensed Products, only for play on Wii™ and only in accordance with this Agreement. In the event that LICENSEE challenges NINTENDO’s 's ownership or the validity of the Intellectual Property Rights, NINTENDO may terminate this Agreement without any notice or procedure.

Appears in 1 contract

Samples: Confidential License Agreement (Driftwood Ventures, Inc.)

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