MEE’s Representations and Warranties and Covenants Sample Clauses

MEE’s Representations and Warranties and Covenants. MEE represents and warrants to Akouos that: (a) it is and shall be at all times during the Term a valid legal entity existing under the law of its state with the power to carry on its business as it is currently being conducted; (b) the execution and delivery of this Agreement has been duly authorized and no further approval, corporate or otherwise, is required in order to execute this valid, binding and enforceable Agreement; (c) it has, and will at all times during the Term retain, the right to grant the licenses granted or contemplated to be granted hereunder; (d) each individual listed as an inventor of the Ancestral Technology Patent Rights has assigned all of his or her rights, title and interests in and to such Ancestral Technology Patent Rights to MEE pursuant to a binding written agreement between such inventor and MEE; (e) each individual listed as an inventor of the BCH Patents has assigned all of his or her rights, title and interests in and to such BCH Patents to MEE and/or BCH (and if to BCH, BCH has assigned to MEE a one-half, undivided ownership interest therein), pursuant to a binding written agreement between such inventor and MEE and/or BCH, as applicable; (f) it is not a party to any agreement that is inconsistent or in conflict with the rights and licenses granted to Akouos hereunder; (g) its execution, delivery and performance of this Agreement shall not conflict with the terms of any other agreement to which it is a party or by which it is bound; (h) that, as of the Effective Date, there are no patents or patent applications, other than the Ancestral Technology Patent Rights and BCH Patent Rights, owned or otherwise Controlled by MEE the claims of which read on any claims in the Licensed Intellectual Property; (i) that, as of the Effective Date, no claims have been asserted or threatened against MEE, nor to MEE’s knowledge are there any valid grounds for any claim of any such kind (1) challenging the validity, effectiveness, or ownership of the Licensed Intellectual Property, and/or (2) to the effect that the use, development or commercialization of Licensed Products using the Licensed Intellectual Property infringes or will infringe on any intellectual property right of any person; and (j) that, as of the Effective Date, neither the Ancestral Technology Patent Rights nor the BCH Patent Rights are the subject of any litigation procedure, discovery process, interference, reissue, reexamination, opposition, appeal proceedings or any ot...
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