Common use of Ownership of Proprietary Rights Clause in Contracts

Ownership of Proprietary Rights. Neither this Agreement nor its performance confer on Licensee any right with respect to the Licensed Marks other than those rights granted pursuant to this Agreement with respect to the Licensed Marks. Licensor is entitled to grant such other rights in and licenses of the Licensed Marks as it sees fit and nothing in this Agreement restricts in any way Licensor’s right to use the Licensed Marks. Any use of Licensed Marks by Licensee inures to the benefit of Licensor. Licensee shall not, and shall cause its Subsidiaries not to, (a) challenge the validity or ownership of the Licensed Marks or any other marks of Licensor or claim adversely or assist in any claim adversely to Licensor concerning any right, title or interest in the Licensed Marks or any other marks of Licensor or (b) do or permit any act which may directly or indirectly impair or prejudice Licensor’s title to the Licensed Marks or its other marks, or detrimental to the reputation and goodwill of Licensor, including any act which might assist or give rise to any application to remove or de-register any of the Licensed Marks or other marks of Licensor, and in the case of clauses (a) and (b), Licensee shall not, and shall cause its Subsidiaries not to, aid or abet any person in doing so.

Appears in 4 contracts

Samples: Trademark License Agreement (GSC Investment Corp.), Trademark License Agreement (GSC Investment LLC), Trademark License Agreement (GSC Capital Corp)

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Ownership of Proprietary Rights. Neither this Agreement nor its performance confer on Licensee or its Subsidiaries any right with respect to the Licensed Marks Properties other than those rights granted pursuant to this Agreement with respect to the Licensed Marks. Licensor is entitled to grant such other rights in and licenses of the Licensed Marks as it sees fit and nothing in this Agreement restricts in any way Licensor’s right to use the Licensed MarksProperties. Any use of Licensed Marks Properties by Licensee inures to the benefit of Licensor. Licensee acknowledges Licensor's exclusive right, title and interest in and to the Licensed Properties and shall not, and shall cause its Subsidiaries not to, (a) challenge the validity or ownership of the Licensed Marks Properties or any other trademarks, trade names or service marks of Licensor or claim adversely or assist in any claim adversely to Licensor concerning any right, title or interest in or to the Licensed Marks Properties or any other trademarks, trade names or service marks of Licensor or Licensor, (b) do or permit any act which may directly or indirectly impair or prejudice Licensor’s 's rights, title or interest in or to the Licensed Marks Properties or its other trademarks, trade names and service marks, or which is detrimental to the reputation and goodwill of Licensor, including including, without limitation, any act which might assist or give rise to any application to remove or de-register cancel any of the Licensed Marks Properties or other trademarks, trade names or service marks of LicensorLicensor or (c) register or use or attempt to register or use, and or aid any third party in registering or using or attempting to register or use, any trademark, trade name or service xxxx which may be similar to any of the case of clauses (a) and (b), Licensee shall not, and shall cause its Subsidiaries not to, aid or abet any person in doing soLicensed Properties.

Appears in 1 contract

Samples: Trademark and Service Mark Licensing Agreement (Too Inc)

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