Proceedings Affecting IP; Intellectual Property Transfers. No Company IP is subject to any proceeding or outstanding Governmental Order or settlement agreement or stipulation that (i) restricts in any manner the use, transfer or licensing thereof, or the making, using, sale, or offering for sale of any Company Product, by any Group Company, or (ii) may affect the validity, use or enforceability of such Company IP. No Group Company has (a) transferred or assigned, or granted any options to acquire, any Company IP (or any Intellectual Property that would have constituted Company IP but for such transfer or assignment) to any Person; (b) authorized the joint ownership of, any Company IP; or (c) permitted the rights of any Group Company in any material Company IP to lapse or enter the public domain.
Proceedings Affecting IP; Intellectual Property Transfers. No FreeChain IP is subject to any proceeding or outstanding Governmental Order or settlement agreement or stipulation that (i) restricts in any manner the use, transfer or licensing thereof, or the making, using, sale, or offering for sale of any Company Product, by any Group Company, or (ii) may affect the validity, use or enforceability of such FreeChain IP. No Group Company has (x) transferred or assigned, or granted any options to acquire, any FreeChain IP (or any Intellectual Property that would have constituted FreeChain IP but for such transfer or assignment) to any Person; (y) authorized the joint ownership of, any FreeChain IP; or (z) permitted the rights of any Group Company in any FreeChain IP to lapse or enter the public domain.
