OWNERSHIP AND VALIDITY OF LICENSED MARKS. A. Licensee admits the validity, and GE’s ownership, of the Licensed Marks and agrees that any and all goodwill, rights or interests that might be acquired by the use of the Licensed Marks by Licensee shall inure to the sole benefit of GE. If Licensee obtains rights or interests in the Licensed Marks, Licensee hereby transfers, and shall execute upon request by Licensor any additional documents or instruments necessary or desirable to transfer, those rights or interests to GE and its Affiliates. Licensee admits and agrees that, as between the Licensor and Licensee, Licensee has been extended only a mere permissive right to use the Licensed Marks as provided in this Agreement which is not coupled with any ownership interest.
Appears in 4 contracts
Samples: Transitional Trademark License Agreement (Synchrony Financial), Transitional Trademark License Agreement (Synchrony Financial), Transitional Trademark License Agreement (Synchrony Financial)
