Nunc Pro Tunc Assignments Clause Samples
A Nunc Pro Tunc Assignment is a legal provision that retroactively assigns rights, interests, or obligations as if the assignment had occurred at an earlier, specified date. In practice, this clause is often used to correct administrative oversights or to formalize transfers that were intended but not properly documented at the time. By backdating the effect of the assignment, it ensures that all relevant rights and responsibilities are recognized from the intended date, thereby resolving issues related to timing gaps and ensuring legal continuity.
Nunc Pro Tunc Assignments. (a) (1) Active Intellectual Property 8.1(a)(2) Designated Intellectual Property 8.1(a)(3) Excluded Intellectual Property 8.1(a)(4) IP Licenses 8.1(a)(5) Third Party IP Licenses 8.1(a)(6) Specified Licenses EXHIBITS Exhibit A Form of Assignment and Assumption Agreement Exhibit B Form of Assignment of Intangible Property Exhibit C Form of Release Exhibit D Form of CUGA Assignment
Nunc Pro Tunc Assignments. (a) (1) Active Intellectual Property 8.1(a)(2) Designated Intellectual Property 8.1(a)(3) Excluded Intellectual Property 8.1(a)(4) IP Licenses 8.1(a)(5) Third Party IP Licenses 8.1(a)(6) Specified Licenses Exhibit A Form of Assignment and Assumption Agreement Exhibit B Form of Assignment of Intangible Property Exhibit C Form of Release Exhibit D Form of CUGA Assignment INTELLECTUAL PROPERTY PURCHASE AGREEMENT, dated as of April 3, 2008 (this “Agreement”), by and among Footstar Corporation, a Texas corporation (“Footstar” or the “Seller”), Sears Brands LLC, an Illinois limited liability company (the “Purchaser”), and Sears Holdings Corporation, a Delaware corporation (“SHC”). Capitalized terms used herein but not defined shall have the meanings ascribed to them in Section 8.1(a).