Common use of Ownership of Trademarks Clause in Contracts

Ownership of Trademarks. The Steering Committee shall select and Kallikrein LLC shall own all trademarks for the sale and use of Collaboration Products in the Territory, and all expenses thereof shall be considered Program Costs. All such trademarks shall be registered in the name of Kallikrein LLC if and when registered. In the event that the applicable laws and regulations of any country in which the Steering Committee elects to register any such trademark require that such trademark be registered in the name of an entity other than Kallikrein LLC, or if the Steering Committee determines that it is in the best interests of the parties, then the Steering Committee shall select such entity and ensure that a duly authorized officer of such entity agrees in writing that such entity shall (a) grant Kallikrein LLC a worldwide, exclusive, fully-paid, royalty-free, irrevocable (during the term of this Agreement) right and license (with the right to grant sublicenses) to use such trademark and (b) comply with the provisions of Article 13 hereof with respect to the ownership and/or disposition of such trademark in the event this Agreement is terminated and provide the level of cooperation described in Section 14.1 hereof in connection therewith.

Ownership of Trademarks. The Steering Committee shall select and Kallikrein ATIII LLC shall own all trademarks for the sale and use of Collaboration Products in the Territory, and all expenses thereof shall be considered Program Costs. All such trademarks shall be registered in the name of Kallikrein ATIII LLC if and when registered. In the event that the applicable laws and regulations of any country in which the Steering Committee elects to register any such trademark require that such trademark be registered in the name of an entity other than Kallikrein ATIII LLC, or if the Steering Committee determines that it is in the best interests of the parties, then the Steering Committee shall select such entity and ensure that a duly authorized officer of such entity agrees in writing that such entity shall (a) grant Kallikrein ATIII LLC a worldwide, an exclusive, fully-paid, royalty-free, irrevocable (during the term of this Agreement) right and license (with the right to grant sublicenses) to use such trademark in the Territory and (b) comply with the provisions of Article 13 hereof with respect to the ownership and/or disposition of such trademark in the event this Agreement is terminated and provide the level of cooperation described in Section 14.1 hereof in connection therewith.

Ownership of Trademarks. The Steering Committee shall select and Kallikrein LLC shall own all trademarks for the sale and use of Collaboration Products in the Territory, and all expenses thereof shall be considered Program Costs. All such trademarks shall Confidential material omitted and filed separately with the Securities and Exchange Commission. Asterisks denote such omissions. be registered in the name of Kallikrein LLC if and when registered. In the event that the applicable laws and regulations of any country in which the Steering Committee elects to register any such trademark require that such trademark be registered in the name of an entity other than Kallikrein LLC, or if the Steering Committee determines that it is in the best interests of the parties, then the Steering Committee shall select such entity and ensure that a duly authorized officer of such entity agrees in writing that such entity shall (a) grant Kallikrein LLC a worldwide, exclusive, fully-paid, royalty-free, irrevocable (during the term of this Agreement) right and license (with the right to grant sublicenses) to use such trademark and (b) comply with the provisions of Article 13 hereof with respect to the ownership and/or disposition of such trademark in the event this Agreement is terminated and provide the level of cooperation described in Section 14.1 hereof in connection therewith.