Common use of Rights Upon Termination or Cancellation Clause in Contracts

Rights Upon Termination or Cancellation. On any cancellation, termination or expiration of this Agreement; (i) Nonni's agrees to immediately pay to MFB all currently owed Running Royalties and any additional royalties pursuant to Section 17 and to return all Protected Information, confidential documents and other material supplied by MFB to Nonni's and agrees never to use, disclose to others, nor assist others in using the Protected Information. (ii) Nonni's will be deemed to have automatically and irrevocably assigned, transferred, and conveyed to MFB any rights, equities, good will, titles or other rights in and to the Licensed Names and Marks and Royalty Bearing Products which may have been obtained by Nonni's or which may have vested in Nonni's in pursuance of any endeavors covered hereby, and Nonni's will execute any instruments requested by MFB to accomplish or confirm the foregoing. Any such assignment, transfer or conveyance shall be without consideration other than the mutual covenants and considerations of this Agreement. (iii) Except as provided in Section 17 below, Nonni's further agrees that it shall forthwith discontinue the use of all Licensed Names and Marks, including packaging and other paper goods and other objects bearing any Licensed Names and Marks.

Appears in 9 contracts

Samples: Trademark License Agreement, Trademark License Agreement (MRS Fields Financing Co Inc), Trademark License Agreement (MRS Fields Holding Co Inc)

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Rights Upon Termination or Cancellation. On any cancellation, termination or expiration of this Agreement; (i) Nonni's agrees to immediately pay to MFB MFOC all currently owed Running Royalties and any additional royalties pursuant to Section 17 and to return all Protected Information, confidential documents and other material supplied by MFB MFOC to Nonni's and agrees never to use, disclose to others, nor assist others in using the Protected Information. (ii) Nonni's will be deemed to have automatically and irrevocably assigned, transferred, and conveyed to MFB MFOC any rights, equities, good will, titles or other rights in and to the Licensed Names and Marks and Royalty Bearing Products which may have been obtained by Nonni's or which may have vested in Nonni's in pursuance of any endeavors covered hereby, and Nonni's will execute any instruments requested by MFB MFOC to accomplish or confirm the foregoing. Any such assignment, transfer or conveyance shall be without consideration other than the mutual covenants and considerations of this Agreement. (iii) Except as provided in Section 17 below, Nonni's further agrees that it shall forthwith discontinue the use of all Licensed Names and Marks, including packaging and other paper goods and other objects bearing any Licensed Names and Marks.

Appears in 1 contract

Samples: Trademark License Agreement (MRS Fields Financing Co Inc)

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Rights Upon Termination or Cancellation. On any cancellation, termination or expiration of this Agreement; (i) Nonni's Shadewell agrees to immediately pay to MFB MFF all currently owed Running Royalties and any additional royalties pursuant to Section 17 and to return all Protected Information, confidential documents and other material supplied by MFB MFF to Nonni's Shadewell and agrees never to use, disclose to others, nor assist others in using the Protected Information. (ii) Nonni's Shadewell will be deemed to have automatically and irrevocably assigned, transferred, and conveyed to MFB MFF any rights, equities, good will, titles or other rights in and to the Licensed Names and Marks and Royalty Bearing Products which may have been obtained by Nonni's Shadewell or which may have vested in Nonni's Shadewell in pursuance of any endeavors covered hereby, and Nonni's Shadewell will execute any instruments requested by MFB MFF to accomplish or confirm the foregoing. Any such assignment, transfer or conveyance shall be without consideration other than the mutual covenants and considerations of this Agreement. (iii) Except as provided in Section 17 below, Nonni's Shadewell further agrees that it shall forthwith discontinue the use of all Licensed Names and Marks, including packaging and other paper goods and other objects bearing any Licensed Names and Marks.

Appears in 1 contract

Samples: Trademark License Agreement (MRS Fields Famous Brands LLC)

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