Common use of Mistaken Allocations Clause in Contracts

Mistaken Allocations. If, prior to the third anniversary of the Distribution Date, either party discovers that a Trademark (other than a GroceryCo Xxxx that is a GroceryCo Primary Brand) intended by the parties to be owned by SnackCo was inadvertently listed in the GroceryCo Xxxx Binders or a Trademark (other than a SnackCo Xxxx that is a SnackCo Primary Brand) intended by the parties to be owned by GroceryCo was inadvertently listed in the SnackCo Xxxx Binders, such party shall provide written notice to the other party and the parties thereafter shall cooperate in good faith and amend the listings in the GroceryCo Xxxx Binders and SnackCo Xxxx Binders, as applicable, and assign any such Trademark to the proper party, as mutually agreed. The parties agree that they shall treat any such mistakenly allocated Trademark as having been owned by the proper party as of the Distribution Date.

Appears in 4 contracts

Samples: Master Ownership and License Agreement, Master Ownership and License Agreement (Kraft Foods Group, Inc.), Master Ownership and License Agreement (Kraft Foods Group, Inc.)

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Mistaken Allocations. If, prior to the third anniversary of the Distribution Datedate hereof, either party discovers that a Trademark (other than a GroceryCo Xxxx that is a GroceryCo Primary Brand) intended by the parties to be owned by SnackCo was inadvertently listed in the GroceryCo Xxxx Binders or a Trademark (other than a SnackCo Xxxx that is a SnackCo Primary Brand) intended by the parties to be owned by GroceryCo was inadvertently listed in the SnackCo Xxxx Binders, such party shall provide written notice to the other party and the parties thereafter shall cooperate in good faith and amend the listings in the GroceryCo Xxxx Binders and SnackCo Xxxx Binders, as applicable, and assign any such Trademark to the proper party, as mutually agreed. The parties agree that they shall treat any such mistakenly allocated Trademark as having been owned by the proper party as of the Distribution Datedate hereof.

Appears in 1 contract

Samples: Master Ownership and License Agreement (Kraft Foods Group, Inc.)

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