Common use of Licenses and Intellectual Property Clause in Contracts

Licenses and Intellectual Property. 5.1 Each party hereby grants the other party (a) a limited and non-exclusive, royalty free license to use the granting party’s names, logos, service marks or trademarks (collectively, the “Marks” ), and (b) a license to use the granting party’s name as a reference in the other party’s marketing and other promotional materials, in each case solely for purposes of performing the other party’s obligations and exercising the other party’s rights under this Agreement; provided, however, that the other party may not use any Xxxx(s) or otherwise reference the granting party in any marketing, promotional or other materials, including on websites or in any social media owned or operated by the other party, until such uses and materials in whatever form have been previously submitted to and approved in writing by the granting party, which approval may be withheld by the granting party for any reason in its sole discretion. 5.2 Except for what is set forth in this Section 5.1, no rights or licenses with respect to any intellectual property are granted under this Agreement. Each party will own and retain all right, title, and interest in and to its names, logos and service marks, proprietary features and proprietary technology, trade secrets, patents, copyrights, trademarks, and other proprietary rights of any type under the laws of any governmental authority, domestic or foreign, including, without limitation, rights in and to all applications and registrations relating to any of the foregoing and including, without limitation, any such rights in and to any information or content contributed by such party to the other party. 5.3 Upon the granting party’s request, the other party will promptly remove, alter, or modify any and all use of the granting party’s Marks or other references to the granting party in any marketing, promotional or other materials, including on websites or social media platforms. 5.4 Upon termination of this Agreement for any reason, each party will discontinue any and all use of the other party’s Marks or other references to the other party in any marketing, promotional or other materials, including on websites and in social media, within a reasonable amount of time following the termination of this Agreement, not to exceed thirty (30) days. This section shall survive termination of this Agreement for any reason.

Licenses and Intellectual Property. 5.1 Each party hereby grants the other party (a) a limited and non-exclusive, royalty free license to use the granting party’s names, logos, service marks or trademarks (collectively, the “Marks” ), and (b) a license to use the granting party’s name as a reference in the other party’s marketing and other promotional materials, in each case solely for purposes of performing the other party’s obligations and exercising the other party’s rights under this Agreement; provided, however, that the other party may not use any Xxxx(sMark(s) or otherwise reference the granting party in any marketing, promotional or other materials, including on websites or in any social media owned or operated by the other party, until such uses and materials in whatever form have been previously submitted to and approved in writing by the granting party, which approval may be withheld by the granting party for any reason in its sole discretion. 5.2 Except for what is set forth in this Section 5.1, no rights or licenses with respect to any intellectual property are granted under this Agreement. Each party will own and retain all right, title, and interest in and to its names, logos and service marks, proprietary features and proprietary technology, trade secrets, patents, copyrights, trademarks, and other proprietary rights of any type under the laws of any governmental authority, domestic or foreign, including, without limitation, rights in and to all applications and registrations relating to any of the foregoing and including, without limitation, any such rights in and to any information or content contributed by such party to the other party. 5.3 Upon the granting party’s request, the other party will promptly remove, alter, or modify any and all use of the granting party’s Marks or other references to the granting party in any marketing, promotional or other materials, including on websites or social media platforms. 5.4 Upon termination of this Agreement for any reason, each party will discontinue any and all use of the other party’s Marks or other references to the other party in any marketing, promotional or other materials, including on websites and in social media, within a reasonable amount of time following the termination of this Agreement, not to exceed thirty (30) days. This section shall survive termination of this Agreement for any reason.