Common use of Ownership and Protection of Proprietary Rights Clause in Contracts

Ownership and Protection of Proprietary Rights. Except as ----------------------------------------------- set forth on Schedule 4.18.3, the Company owns or licenses, and has the sole right to use or (as it so elects) to sublicense, each of the Proprietary Rights, and the Company is not a party to any litigation with respect to any of the Proprietary Rights. The Company has not received any notice of invalidity or infringement of any rights of others with respect to such Proprietary Rights. The Company has taken all reasonable and prudent steps in the reasonable business judgment of the Company to protect the Proprietary Rights from infringement by any other firm, corporation, association or person. The Company's use of the Proprietary Rights is not, to Seller's knowledge, infringing upon or otherwise violating the rights of any third party in or to such Proprietary Rights, nor has such infringement been alleged by any third party. All of the material Proprietary Rights are valid and enforceable rights of the Company and will not cease to be valid and in full force and effect by reason of the execution, delivery and performance of this Agreement or the consummation of the transactions contemplated by this Agreement.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Rental Service Corp), Asset Purchase Agreement (Rental Service Corp)

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Ownership and Protection of Proprietary Rights. Except as ----------------------------------------------- set ---------------------------------------------- forth on Schedule 4.18.34.17.3, the Company owns or licenses, and has the sole right to use or (as it so elects) to sublicense, each of the Proprietary Rights, and the Company is not a party to any litigation with respect to any of the Proprietary Rights. The Company has not received any notice of invalidity or infringement of any rights of others with respect to such Proprietary Rights. The Company has taken all reasonable and prudent steps in the reasonable business judgment of the Company to protect the Proprietary Rights from infringement by any other firm, corporation, association or person. The Company's use of the Proprietary Rights is not, to Seller's Sellers' knowledge, infringing upon or otherwise violating the rights of any third party in or to such Proprietary Rights, nor has such infringement been alleged by any third party. All of the material Proprietary Rights are valid and enforceable rights of the Company and will not cease to be valid and in full force and effect by reason of the execution, delivery and performance of this Agreement or the consummation of the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Stock Purchase Agreement (Rental Service Corp)

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Ownership and Protection of Proprietary Rights. Except as ----------------------------------------------- ---------------------------------------------- set forth on Schedule 4.18.3, the Company owns or licenses, and has the sole right to use or (as it so elects) to sublicense, each of the Proprietary Rights, and the Company is not a party to any litigation with respect to any of the Proprietary Rights. The Company has not received any notice of invalidity or infringement of any rights of others with respect to such Proprietary Rights. The Company has taken all reasonable and prudent steps in the reasonable business judgment of the Company to protect the Proprietary Rights from infringement by any other firm, corporation, association or person. The Company's use of the Proprietary Rights is not, to Seller's knowledge, infringing upon or otherwise violating the rights of any third party in or to such Proprietary Rights, nor has such infringement been alleged by any third party. All of the material Proprietary Rights are valid and enforceable rights of the Company and will not cease to be valid and in full force and effect by reason of the execution, delivery and performance of this Agreement or the consummation of the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement (Rental Service Corp)

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