Common use of Ownership of Licensed Marks; Reservation of Rights Clause in Contracts

Ownership of Licensed Marks; Reservation of Rights. (a) Licensee hereby acknowledges that (i) the License is the only license granted to Licensee with respect to the Licensed Marks and (ii) no other licenses whatsoever have been granted, expressly or by implication or estoppel, to Licensee by the provisions of this Agreement. Neither this Agreement nor its performance shall confer on Licensee any right with respect to the Licensed Marks other than those rights expressly granted herein, and any and all rights in and to the Licensed Marks not expressly granted to Licensee herein are reserved and retained by Licensor. Any use of the Licensed Marks by Licensee pursuant to the License shall inure to the benefit of Licensor.

Appears in 2 contracts

Samples: Licensing Agreement (Ashford Hospitality Prime, Inc.), Licensing Agreement (Ashford Hospitality Prime, Inc.)

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Ownership of Licensed Marks; Reservation of Rights. (a) Each Licensee hereby acknowledges that (i) the License is the only license granted to Licensee with respect to the Licensed Marks and (ii) no other licenses whatsoever have been granted, expressly or by implication or estoppel, to Licensee by the provisions of this AgreementAgreement or otherwise. Neither this Agreement nor its performance shall confer on Licensee any right with respect to the Licensed Marks other than those rights expressly granted herein, and any and all rights in and to the Licensed Marks not expressly granted to Licensee herein are reserved and retained by Licensor. Any use of the Licensed Marks by either Licensee pursuant to the License shall inure to the benefit of Licensor.

Appears in 2 contracts

Samples: Licensing Agreement (Ashford Hospitality Trust Inc), Licensing Agreement (Ashford Inc)

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Ownership of Licensed Marks; Reservation of Rights. (a) Each Licensee hereby acknowledges that (i) the License is the only license granted to Licensee with respect to the Licensed Marks and (ii) no other licenses whatsoever have been granted, expressly or by implication or estoppel, to Licensee by the provisions of this AgreementAgreement or otherwise. Neither this Agreement nor its performance shall confer on Licensee any right with respect to the Licensed Marks other than those rights expressly granted herein, and any and all rights in and to the Licensed Marks not expressly granted to Licensee herein are reserved and retained by Licensor. Any use of the Licensed Marks by Licensee pursuant to the License shall inure to the benefit of Licensor.by

Appears in 1 contract

Samples: Licensing Agreement (Ashford Inc)

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