Common use of Ownership of Intellectual Property Assets Clause in Contracts

Ownership of Intellectual Property Assets. Section 2.01. The parties agree that, as a result of the Closing under the Xxxxxxxx Xxxxxxxxx, X-0 and its Subsidiaries will acquire and own all right, title and interest, including the right to xxx and collect past and future damages, in any Intellectual Property which relates primarily to the Business (the "L-3 Intellectual Property"). Section 2.02. The parties agree that, as a result of the Closing under the Purchase Agreement CMI and its Subsidiaries own all right, title and interest, including the right to xxx and collect past and future damages, in any Intellectual Property which is being used as of the Closing Date in the operation of the Business but does not constitute Intellectual Property that relates primarily to the Business (the "CMI Intellectual Property"). Section 2.03. The confirmation of ownership of the Intellectual Property rights provided for under Sections 2.01 and 2.02 is subject to all pre-existing third party rights, obligations and restrictions as of the Closing Date.

Ownership of Intellectual Property Assets. Section 2.01. The parties agree that, as a result of the Closing under the Xxxxxxxx Purcxxxx Xxxxxxxxx, X-0 and xxx its Subsidiaries will acquire and own all right, title and interest, including the right to sue xxx and collect past and future damages, in any Intellectual Property which relates primarily to the Business (the "L-3 Intellectual Property"). Section 2.02. The parties agree that, as a result of the Closing under the Purchase Agreement Agreement, CMI and its Subsidiaries own all right, title and interest, including the right to sue xxx and collect past and future damages, in any Intellectual Property which is being used as of the Closing Date in the operation of the Business but does not constitute Intellectual Property that relates primarily to the Business (the "CMI Intellectual Property"). Section 2.03. The confirmation of ownership of the Intellectual Property rights provided for under Sections 2.01 and 2.02 is subject to all pre-existing third party rights, obligations and restrictions as of the Closing Date.

Ownership of Intellectual Property Assets. Section 2.01. The parties agree that, as a result of the Closing under the Xxxxxxxx XxxxxxxxxPurchase Agreement, X-0 L-3 and its Subsidiaries will acquire and own all rightaxx xxxxx, title and interestxxxxx xxx xxxerest, including the right to xxx sue and collect past and future damages, in any Intellectual Property Properxx which relates primarily to the Business (the "L-3 Intellectual Property"). Section 2.02. The parties agree that, as a result of the Closing under the Purchase Agreement CMI and its Subsidiaries own all right, title and interest, including the right to xxx sue and collect past and future damages, in any Intellectual Property Properxx which is being used as of the Closing Date in the operation of the Business but does not constitute Intellectual Property that relates primarily to the Business (the "CMI Intellectual Property"). Section 2.03. The confirmation of ownership of the Intellectual Property rights provided for under Sections 2.01 and 2.02 is subject to all pre-existing third party rights, obligations and restrictions as of the Closing Date.