Licensor’s Representation Sample Clauses
The Licensor’s Representation clause sets out the statements and assurances made by the licensor regarding their authority, ownership, and rights to grant the license. Typically, this clause confirms that the licensor holds the necessary intellectual property rights, that the licensed material does not infringe on third-party rights, and that the licensor has the legal capacity to enter into the agreement. Its core function is to provide the licensee with confidence and legal protection by ensuring that the licensor is legitimately able to grant the rights being licensed, thereby reducing the risk of future disputes or claims from third parties.
Licensor’s Representation. Licensor represents and warrants that it has the authority, power, and right to enter into this Agreement and to grant Licensee and Licensee Affiliates the rights, privileges, and releases set forth herein.
Licensor’s Representation. The Licensor represents that it is the sole and exclusive owner of all trademark rights and any other proprietary rights and interest in and to the Name, free and clear of all known claims and encumbrances, and has not relinquished any rights therein, voluntarily or involuntarily, by license, assignment, abandonment or any other form of transfer.
Licensor’s Representation. Licensor represents that it is the owner of the Software and all portions thereof.