Common use of Ownership of Proprietary Marks Clause in Contracts

Ownership of Proprietary Marks. The Proprietary Marks shall in all events remain the exclusive property of Manager, and except as expressly set forth in this Agreement, nothing contained herein shall confer on SNH TRS the right to use the Proprietary Marks. Except as provided below in this section, upon termination, any use of or right to use the Proprietary Marks by SNH TRS shall cease forthwith, and SNH TRS shall promptly remove, at Manager’s expense, from the Facility any signs or similar items that contain the Proprietary Marks. Upon termination, SNH TRS shall have the right to use any inventory or Household Replacement items marked with the Proprietary Marks exclusively in connection with the Facility until they are consumed.

Appears in 6 contracts

Samples: Purchase and Sale Agreement (Five Star Senior Living Inc.), Purchase and Sale Agreement (Senior Housing Properties Trust), Management Agreement (Five Star Quality Care Inc)

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