Common use of Licensor Rights Clause in Contracts

Licensor Rights. Licensee shall promptly notify Licensor upon becoming aware of any infringement or dilution of the Licensed Marks. Licensor may take such steps to stop such infringement or dilution as Licensor may deem necessary in its sole determination to protect the Licensed Marks. In the event Licensor elects to take such steps, Licensee shall cooperate fully with Licensor to stop such infringement or dilution. Licensor shall have full control over any such action, including the right to select counsel, to settle on any terms it deems advisable in its discretion, to appeal any adverse decision rendered in any court, to discontinue any action taken by it, and/or otherwise to make any decision in respect thereto as it deems advisable in its discretion. Licensor shall bear all expenses connected with the foregoing. Any recovery as a result of such action shall belong solely to Licensor, and Licensee shall have no claim to any part of such recovery. Licensee may, upon receiving the prior written consent of Licensor, participate in any action taken by or proceeding instituted by Licensor through separate counsel of Licensee’s own choosing, provided that Licensor at all times shall retain full control over such action in accordance with this Section 6.1.