Seller Marks. Seller hereby grants, on behalf of itself and its Affiliates, to the Buyer, a limited, non-exclusive, fully paid-up, royalty-free, non-assignable, non-sublicensable license for twelve (12) months following the Closing (the “Transition Period”) to use the Seller Marks solely as they were used in the Business prior to the Closing in a manner consistent with past practice, including on packaging and other physical and tangible materials. At the end of the Transition Period, Buyer shall cease, and shall cause its Affiliates to cease, all further use or display of the Seller Marks in connection with the Business. Buyer agrees that its and its Affiliates’ use of the Seller Marks pursuant to the license this Section 6.15 shall be solely in connection with goods and services that reflect the high levels of quality and goodwill associated with the Seller Marks as of the Closing Date. Nothing in this Section 6.15 shall prohibit Buyer and its Affiliates from using the Seller Marks after the Transition Period: (a) for uses that are required by applicable Law, (b) for internal uses that are not visible to the public, until such items are replaced in the ordinary course of business, (c) on historical legal and business agreements and documents, (d) to describe the history of or current state of the relationship between the Business and Seller and its other Affiliates, and (e) in any other manner that would not constitute trademark infringement or that would constitute “fair use” of the Seller Marks under applicable Law. The term “Seller Marks” means all trademarks, service marks, trade dress, logos, trade names and corporate names owned by Seller or any of its Affiliates that are not included in the Purchased Assets, including those containing or comprising “NOVABAY,” and any confusingly similar variations, translations, transliterations, abbreviations or derivatives thereof, whether used alone or in combination with other words or logos.
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Sources: Asset Purchase Agreement (NovaBay Pharmaceuticals, Inc.), Asset Purchase Agreement (NovaBay Pharmaceuticals, Inc.), Asset Purchase Agreement (NovaBay Pharmaceuticals, Inc.)
Seller Marks. Seller hereby grantsAs soon as reasonably practicable after the Closing, on behalf of itself and its Affiliates, to the Buyer, a limited, non-exclusive, fully paid-up, royalty-free, non-assignable, non-sublicensable license for twelve (12) months but in any event within 40 days following the Closing Closing, Buyer shall cause the Company to (i) cease all use of the “Transition Period”Seller Marks, (ii) remove, destroy or strike over all Seller Marks from the Company’s assets and other materials, including as part of its stationary, displays, signs, promotional materials, manuals, forms, websites, email and other materials and (iii) file amendments to their respective certificates of incorporation, articles of association or other organizational documents with the applicable Governmental Authorities changing the names of the Company to names that do not include any of the Seller Marks. Any use by the Company of the Seller Marks during the limited phase-out period provided in this Section 5.05 shall be (A) solely as they in connection with goods, products and services that are (x) the type of goods, products and services in connection with which the Company were used in using the Business Seller Marks immediately prior to the Closing in and (y) of a manner consistent with past practicequality at least as high as the quality of goods, including on packaging products and services provided by the Company immediately prior to the Closing and (B) subject to all style and other physical and tangible materialsusage guidelines in effect for the Seller Marks (as may be modified by Sellers from time to time). At All goodwill associated with the end of use by the Transition Period, Buyer shall cease, and shall cause its Affiliates to cease, all further use or display Company of the Seller Marks in connection with shall inure to the Businessbenefit of Sellers or their respective Affiliates, as applicable. Buyer agrees that Following the Closing, none of Buyer, its and its Affiliates’ use Affiliates nor the Company shall (1) contest the validity or ownership of any of the Seller Marks pursuant or (2) subject to the license this Section 6.15 shall be solely in connection with goods and services that reflect the high levels of quality and goodwill associated with the Seller Marks as of the Closing Date. Nothing limited phase-out period provided in this Section 6.15 shall prohibit Buyer and its Affiliates from using 5.05, use, adopt or employ any Seller ▇▇▇▇ or any variation or derivative of any Seller ▇▇▇▇, including any Trademark that is confusingly similar to any Seller ▇▇▇▇. For the Seller Marks after the Transition Period: (a) for uses that are required by applicable Lawpurposes of this Section 5.05, (b) for internal uses that are not visible to the public, until such items are replaced in the ordinary course of business, (c) on historical legal and business agreements and documents, (d) to describe the history of or current state of the relationship between the Business and Seller and its other Affiliates, and (e) in any other manner that would not constitute trademark infringement or that would constitute “fair use” of the Seller Marks under applicable Law. The term “Seller Marks” means shall mean any and all trademarks, service marks, trade dress, logos, trade names and corporate names Trademarks owned or controlled by Seller Sellers or any of its Affiliates that are not included in the Purchased Assetstheir respective Affiliates, including those containing the Trademark “Roche”. [**] = Portions of this exhibit have been omitted pursuant to a confidential treatment request. An unredacted version of this exhibit has been filed separately with the Commission. Schedules (or comprising “NOVABAY,” similar attachments) referred to and listed herein shall have been omitted pursuant to Item 601(b)(2) of Regulation S-K. A copy of any confusingly omitted schedule (or similar variations, translations, transliterations, abbreviations or derivatives thereof, whether used alone or in combination with other words or logosattachment) will be furnished to the Commission upon request.
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Sources: Stock and Asset Purchase Agreement, Stock and Asset Purchase Agreement (Arrowhead Research Corp)
Seller Marks. (a) Except as expressly provided in this Section 5.25, Seller hereby grantsParent, on behalf of itself the Sold Company and its Affiliates, acknowledges and agrees that neither the Sold Company nor any of its Affiliates (i) has, nor following the Closing shall have, any right, title or interest in or to any Trademarks owned by Seller Parent or any of its Affiliates, including the Buyername “L3H” or any derivative, variation, translation, stylization or adaptation thereof, or any Trademark confusingly similar thereto (collectively, the “Seller Marks”) and (ii) shall use or display the Seller Marks after the Closing.
(b) Effective upon the Closing, Seller Parent, on behalf of the Sold Company and its applicable Affiliates, hereby grants to Purchaser and its Affiliates, a limitedworldwide, non-exclusive, fully paidnon-uptransferable, non-sublicensable, royalty-free, nonfree license to use and display the Seller Marks for the six-assignable, non-sublicensable license for twelve (12) months month period immediately following the Closing (solely in connection with the “Transition Period”) to use operation of the Seller Marks Business, solely as they were used in the Business prior manner so used or displayed as of the Closing Date, and solely in accordance with Seller Parent’s or its applicable Affiliates’ generally applicable Trademark usage guidelines, as may be provided to the Closing in a manner consistent with past practice, including on packaging and other physical and tangible materials. At the end of the Transition Period, Buyer shall cease, and shall cause Sold Company or its Affiliates from time to cease, all further time. All goodwill arising from the use or display of the Seller Marks in connection with by the Business. Buyer agrees that Sold Company or its Affiliates will inure to the benefit of Seller Parent and its applicable Affiliates’ .
(c) As promptly as practicable following the Closing, but in no event later than three months thereafter, the Sold Company shall, and shall cause its Affiliates to, (i) cease and discontinue all use and display of the Seller Marks pursuant to the license this Section 6.15 shall be solely in connection with goods and services that reflect the high levels of quality and goodwill associated with (ii) eliminate the Seller Marks from, revise, paint over or otherwise permanently obscure the Seller Marks on any existing inventory, signage or other public-facing materials (including any publicly distributable documents and other digital or physical public-facing materials bearing such Seller Marks) owned or controlled by the Sold Company or any of its Affiliates following the Closing.
(d) Notwithstanding the foregoing, none of the following actions shall constitute a breach of this Section 5.25: if, after the Closing Date, the Sold Company or any of its Affiliates (i) uses the Seller Marks in a nominative manner in textual sentences referencing the historical relationship between Seller Parent and the Sold Company, which references are factually accurate, (ii) retains copies of any books, records and other materials that, as of the Closing Date. Nothing in this Section 6.15 shall prohibit Buyer and its Affiliates from using , contain or display the Seller Marks after the Transition Period: (a) for uses that and such copies are required by applicable Law, (b) used solely for internal or archival purposes (and not public display) or (iii) uses that are not visible to the public, until such items are replaced in the ordinary course of business, (c) on historical legal and business agreements and documents, (d) to describe the history of or current state of the relationship between the Business and Seller and its other Affiliates, and (e) in any other manner that would not constitute trademark infringement or that would constitute “fair use” of the Seller Marks under to comply with applicable Law. The term “Seller Marks” means all trademarksLaw or for litigation, service marks, trade dress, logos, trade names regulatory or corporate filings and corporate names owned documents filed by Seller the Sold Company or any of its Affiliates that are not included in the Purchased Assets, including those containing or comprising “NOVABAY,” and with any confusingly similar variations, translations, transliterations, abbreviations or derivatives thereof, whether used alone or in combination with other words or logos.Governmental Entity. Section 5.26
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Seller Marks. Seller hereby grants, on behalf of itself and its Affiliates, Notwithstanding anything to the Buyercontrary contained herein, a limitedthe Parties acknowledge that upon the Closing, non-exclusivethe names “Bedrock” and “Mountain Capital” and any variations thereof, fully paid-uptogether with any service marks, royalty-freetrademarks, non-assignabletrade names, non-sublicensable license for twelve identifying symbols, logos, emblems or signs containing, comprising or used in connection with such names, including any name or mark confusingly similar thereto and the goodwill associated therewith (12) months following the Closing (collectively, the “Transition PeriodSeller Marks”) are not included in the Assets and Seller shall retain all ownership of and the sole right to use the Seller Marks solely as they were used in and hereby grants the Business prior Company Group a limited license to continue using such Seller Marks during the sixty (60) days following the Closing for transition purposes. Promptly following the Closing, but in a manner consistent with past practiceany event no later than sixty (60) days following the Closing, Purchaser shall cause the Company Group to remove, strike over or otherwise obliterate, all Seller Marks from all materials owned by the Company Group and used or displayed publicly, including on packaging any displays, signs, promotional materials and other physical materials; and, further, promptly following the Closing, but in any event no later than ten (10) days following the Closing, Purchaser shall (i) take action, and tangible materials. At provide evidence reasonably satisfactory to Seller thereof, to cause the end names of any Company Group Member containing Seller Marks to be changed such that it no longer contains any Seller Marks, including by filing all necessary name change certificates and other documents with the applicable Secretary of State offices and (ii) provide written confirmation of the Transition Period, Buyer shall cease, and shall cause its Affiliates same to cease, all further use or display Seller. Notwithstanding any of the Seller Marks foregoing, Purchaser may use the names of any Company Group Member to make truthful and accurate historical references in connection with the Business. Buyer agrees that its and its Affiliates’ use of the Seller Marks pursuant to the license this Section 6.15 shall be solely in connection with goods and services that reflect the high levels of quality and goodwill associated with the Seller Marks as of the Closing Date. Nothing in this Section 6.15 shall prohibit Buyer and its Affiliates from using the Seller Marks after the Transition Period: (a) for uses that are any required by applicable Law, (b) for internal uses that are not visible to the public, until such items are replaced in the ordinary course of business, (c) on historical legal and business agreements and documents, (d) to describe the history of governmental filings or current state of the relationship between the Business and Seller and its other Affiliates, and (e) in any other manner that would not constitute trademark infringement or that would constitute “fair use” of the Seller Marks under applicable Law. The term “Seller Marks” means all trademarks, service marks, trade dress, logos, trade names and corporate names owned by Seller or any of its Affiliates that are not included in the Purchased Assets, including those containing or comprising “NOVABAY,” and any confusingly similar variations, translations, transliterations, abbreviations or derivatives thereof, whether used alone or in combination with other words or logosProceedings.
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Seller Marks. Except as expressly set forth herein, the Purchaser and its Affiliates shall not register or own, or attempt to register or own, and shall not directly or indirectly use, in any fashion, including in signage, corporate letterhead, business cards, internet websites, marketing material and the like, or seek to register or own, in connection with any products or services anywhere in the world in any medium, any trademarks, service marks, domain names, trade names, trade dress, trade styles or other indicia of origin (collectively, “Marks”) that include, are identical to or are confusingly similar to, any Marks that constitute Excluded Assets, including any corporate symbols or logos incorporating the Marks set forth on Section 5.13 of the Disclosure Schedules (collectively, the “Seller Marks”), nor shall any of them challenge or oppose or assist any third party in challenging or opposing the rights of any member of the Seller Group anywhere in the world in any of the Seller Marks. Subject to the restrictions set forth herein, the Seller hereby grantsextends, on behalf of itself and its Affiliatesthe other members of the Seller Group, to the BuyerPurchaser effective as of the Closing Date, a personal, limited, non-exclusive, fully paid-upnonexclusive, royalty-free, non-assignable, non-sublicensable free transition license for twelve (12) months following the Closing (the “Transition Period”) to continue to use the Seller Marks solely as they were used Marks: (i) for 180 days after the Closing Date on existing signage and other materials, in each case included in the Business prior Transferred Assets as of the Closing Date and (ii) with respect to the Closing Transferred Inventory, until such Transferred Inventory has been sold. It is understood and agreed that the Purchaser will not be required to change labels on equipment in a manner consistent with past practice, including on packaging the possession of any customer of the Business. The transition license granted under this Section 5.13 does not allow Purchaser to: (i) create signage and other physical and tangible materials. At materials (including inventory) bearing the end of Seller Marks after the Transition Period, Buyer shall cease, and shall cause its Affiliates to cease, all further Closing Date or (ii) use or display of the Seller Marks in connection with signage, marketing and advertising materials at any trade show or in other promotional events after the BusinessClosing Date. Buyer agrees that its and its Affiliates’ Except as permitted under this Section 5.13, no use of the Seller Marks pursuant to the license this Section 6.15 shall be solely made by the Purchaser or its Affiliates and the Purchaser shall in connection with goods and services that reflect the high levels any event transition away from all use of quality and goodwill associated with the Seller Marks as of soon as is reasonably practicable after the Closing Date. Nothing in this Section 6.15 The Purchaser shall prohibit Buyer ensure that the quality of all goods and its Affiliates from using the Seller Marks after the Transition Period: (a) for uses that are required by applicable Law, (b) for internal uses that are not visible to the public, until such items are replaced in the ordinary course of business, (c) on historical legal and business agreements and documents, (d) to describe the history of services offered or current state of the relationship between the Business and Seller and its other Affiliates, and (e) in sold under any other manner that would not constitute trademark infringement or that would constitute “fair use” of the Seller Marks under applicable Lawshall be at least as high as the quality maintained by the members of the Seller Group and their respective Affiliates for such goods and services as of the Closing and, at the Seller’s request, shall provide the Seller with samples of its use of the Seller Marks to permit the Seller to confirm the Purchaser’s compliance with the quality control requirements of this sentence. All use of the Seller Marks as permitted hereunder shall inure solely to the benefit of the Seller Group. The term “Purchaser shall incur all costs associated with re-branding of the Transferred Assets with signage, symbols and marks not constituting the Seller Marks” means all trademarks, service marks, trade dress, logos, trade names and corporate names owned by Seller or any which re-branding shall be completed during the term of its Affiliates that are not included in the Purchased Assets, including those containing or comprising “NOVABAY,” and any confusingly similar variations, translations, transliterations, abbreviations or derivatives thereof, whether used alone or in combination with other words or logos180-day transition license granted under this Section 5.13.
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