Common use of Ownership of Special Olympics Marks Clause in Contracts

Ownership of Special Olympics Marks. SOI is the exclusive owner of all Special Olympics marks, including marks incorporating all or any portion of any Licensed Mark (all of the foregoing are referred to collectively as “Special Olympics Marks”). Program agrees not to take any action that would interfere with or dilute SOI’s ownership of or rights to any Special Olympics Mark or with SOI’s right to determine whether and how any Special Olympics Mark or other intellectual property owned by SOI is used by third parties. Program specifically agrees not to register, or attempt to register, ownership of any Special Olympics Mark, including the Special Olympics name (in any language) in the Program’s Territory. Ownership and registration of any composite or other mark created or owned by Program that includes a Special Olympics Mark is hereby automatically assigned, together with all goodwill attached thereto, to SOI. Program grants SOI the right to execute on behalf of Program as Program’s attorney-in-fact any legal instrument required, in SOI’s judgment, to perfect those rights.