Common use of No Other Rights to Marks Clause in Contracts

No Other Rights to Marks. NEC reserves the right to disallow any use of the Marks which would, in NEC’s reasonable opinion, harm the validity or value of the Marks. Upon expiration or termination for any reason of this Agreement, the license set forth in this Section 10 will immediately terminate. Other than the license to use the Marks granted in this Section 10, Agency Partner is granted no other right, title or interest in the Marks. Agency Partner acknowledges NEC’s ownership of and right in and to the Marks, and agrees that any and all use of the Marks will inure to the sole benefit of NEC. Agency Partner will take no action inconsistent with NEC’s ownership of the Marks and will not challenge NEC’s rights in or attempt to register any of the Marks, or any other trademarks, service marks, trade names, product names, logos, designs, and other designations or brands owned or used by NEC or any mark confusingly similar thereto. If at any time Agency Partner acquires any rights in or to, or any registration or application for, any of the Marks by operation of law or otherwise, it agrees to assign, and hereby does assign, such rights, registrations, or applications to NEC, along with any and all associated goodwill.

No Other Rights to Marks. NEC reserves the right to disallow any use of the Marks which would, in NEC’s reasonable opinion, harm the validity or value of the Marks. Upon expiration or termination for any reason of this Agreement, the license set forth in this Section 10 will immediately terminate. Other than the license to use the Marks granted in this Section 10, Agency Revenue Share Partner is granted no other right, title or interest in the Marks. Agency Revenue Share Partner acknowledges NEC’s ownership of and right in and to the Marks, and agrees that any and all use of the Marks will inure to the sole benefit of NEC. Agency Revenue Share Partner will take no action inconsistent with NEC’s ownership of the Marks and will not challenge NEC’s rights in or attempt to register any of the Marks, or any other trademarks, service marks, trade names, product names, logos, designs, and other designations or brands owned or used by NEC or any mark confusingly similar thereto. If at any time Agency Revenue Share Partner acquires any rights in or to, or any registration or application for, any of the Marks by operation of law or otherwise, it agrees to assign, and hereby does assign, such rights, registrations, or applications to NEC, along with any and all associated goodwill.