Common use of Protection of IP Clause in Contracts

Protection of IP. Each Group Company has taken reasonable and appropriate steps to protect, maintain, and safeguard material Company IP and made all applicable filings, registrations, and payments of fees in connection with the foregoing. Without limiting the foregoing, all current and former officers, employees, consultants, and independent contractors of any Group Company and all suppliers, customers, distributors, and other third parties having access to any material Company IP have executed and delivered to such Group Company an agreement requiring the protection of such Company IP. To the extent that any Company IP has been developed or created independently or jointly by an independent contractor or other third party for any Group Company, or is incorporated into any products or services of any Group Company, such Group Company has a written agreement with such independent contractor or third party and has thereby obtained ownership of, and is the exclusive owner of, all such independent contractor’s or third party’s Intellectual Property in such work, material, or invention by operation of law or valid assignment.

Appears in 2 contracts

Samples: Series D Preferred Share Purchase Agreement (Li Auto Inc.), Series D Preferred Share Purchase Agreement (Li Auto Inc.)

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Protection of IP. Each Group Company has taken reasonable and appropriate steps to protect, maintain, maintain and safeguard material Company IP and made all applicable filings, registrations, registrations and payments of fees in connection with the foregoing. Without limiting the foregoing, all current and former officers, employees, consultants, consultants and independent contractors of any Group Company and all suppliers, customers, distributors, and other third parties having access to any material Company Owned IP have executed and delivered to such Group Company an agreement requiring the protection of such Company Owned IP. To the extent that any Company Owned IP has been developed or created independently or jointly by an independent contractor or other third party for any Group Company, or is incorporated into any products or services of any Group Company, such Group Company has a written agreement with such independent contractor or third party and has thereby obtained ownership of, and is the exclusive owner of, of all such independent contractor’s or third party’s Intellectual Property in such work, material, material or invention by operation of law or valid assignment.

Appears in 2 contracts

Samples: Series C Preferred Shares Purchase Agreement (InnoLight Technology Corp), Series C Preferred Shares Purchase Agreement (InnoLight Technology Corp)

Protection of IP. Each Group Company has taken reasonable and appropriate steps to protect, maintain, maintain and safeguard material Company Owned IP and made all applicable filings, registrations, registrations and payments of fees in connection with the foregoing. Without limiting the foregoing, to the Knowledge of the Company, all current and former officers, employees, consultants, consultants and independent contractors of any Group Company and all suppliers, customers, distributors, and other third parties having access to any material Company IP have executed and delivered to such Group Company an agreement requiring the protection of such Company IP. To the extent that any material Company IP has been developed or created independently or jointly by an independent contractor or other third party for any Group Company, or is incorporated into any products or services of any Group Company, such Group Company has a written agreement with such independent contractor or third party and has thereby obtained ownership of, and is the exclusive owner of, of all such independent contractor’s or third party’s Intellectual Property in such work, material, material or invention by operation of law or valid assignment.

Appears in 2 contracts

Samples: Series B Preferred Share Purchase Agreement (Belite Bio, Inc), Series B Preferred Share Purchase Agreement (Belite Bio, Inc)

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Protection of IP. Each Group Company has taken reasonable and appropriate steps to protect, maintain, maintain and safeguard material Company IP and made all applicable filings, registrations, registrations and payments of fees in connection with the foregoing. Without limiting the foregoing, all current and former officersOfficers, employees, consultants, consultants and independent contractors contractors, all suppliers, customers and other third parties of any Group Company and all suppliers, customers, distributors, and other third parties having access to any material Company IP have executed and delivered to such Group Company an agreement requiring the protection of such Company IP. To Except for the Section 3.09(f) of the Disclosure Schedule, to the extent that any Company IP has been developed or created independently or jointly by an independent contractor or other third party for any Group Company, or is incorporated into any products or services of any Group Company, such Group Company has a written agreement with such independent contractor or third party and has thereby obtained ownership of, and is the exclusive owner of, of all such independent contractor’s or third party’s Intellectual Property in such work, material, material or invention by operation of law or valid assignment.

Appears in 1 contract

Samples: Preferred Shares Purchase Agreement (Genetron Holdings LTD)

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