Seller’s Competency Models Clause Samples

Seller’s Competency Models. Schedule 3.13 lists all contracts, agreements (both written or oral), or other like arrangements by and between the Seller (and any predecessor thereof) and any third party, the purpose, intent or effect of which restricts or in any way limits the Seller’s rights to use, store, display, manipulate, modify, disclose, assign, license (or sublicense), sell, lease or transfer any of the Competency Models, in whole or in part, created, developed or otherwise used by the Seller in the operation of the Acquired Business. Except as identified on Schedule 3.13, all of the Competency Models may be sold, assigned, transferred or otherwise disclosed to Buyer as contemplated by this Agreement, and Buyer’s rights to have full use and enjoyment of the Competency Models immediately following Closing, which shall include the Buyer’s rights to use, store, display, manipulate, modify, disclose, assign, license (or sublicense), sell, lease or transfer any of the Competency Models, in whole or in part, created, developed or otherwise used by the Seller in the operation of the Acquired Business, shall be free from any such restriction or limitation.