Common use of Technology and Similar Rights Clause in Contracts

Technology and Similar Rights. The Contributor owns or is licensed to use all of the Intellectual Property, Licensed Technology and Licensed Trademarks, and the Intellectual Property, Licensed Technology and Licensed Trademarks together constitute all relevant patents, pending patent applications, invention disclosures, copyrights, software, trade secrets, technical information, technology, know-how, processes, tradenames, trademarks, trademark registrations or applications, copyrights, copyright applications or registrations or any derivative thereof or design used in connection therewith necessary for the normal operation and conduct of the Contributed Business as it is currently operated and conducted, except where the failure to have such ownership or licenses would not reasonably be expected to have a Material Adverse Effect.

Appears in 4 contracts

Samples: Asset Contribution Agreement (Equistar Funding Corp), Asset Contribution Agreement (Millennium Chemicals Inc), Asset Contribution Agreement (Lyondell Petrochemical Co)

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