Common use of TRADEMARKS AND TRADEMARK RIGHTS Clause in Contracts

TRADEMARKS AND TRADEMARK RIGHTS. 12.1. KI PHARMA shall register and maintain the Trademarks for the benefit and at the expense of KI PHARMA for use in and association with Venture Products in the Territory. GRELAN agrees to assist in such registration, if requested by KI PHARMA or BIONUMERIK. KI PHARMA shall sell the Venture Products only under the Trademarks. 12.2. GRELAN shall be the exclusive owner of all Trademarks and trademark registrations associated with Venture Products GR, and BIONUMERIK shall be the exclusive owner of all Trademarks and trademark registrations associated with Venture Products BN. GRELAN shall remain free to use and grant rights to the use of the Trademarks outside of the Territory with respect to Venture Products GR. BIONUMERIK shall remain free to use and grant rights to the use of the Trademarks outside of the Territory with respect to Venture Products BN. 12.3. KI PHARMA shall maintain the quality control standards set forth by GRELAN and BIONUMERIK from time to time with respect to the Trademarks; and KI PHARMA will ensure that any Sublicensee using the Trademarks in the Territory shall be subject to similar standards of quality control.