Common use of Trademarks for Wristwatch Clause in Contracts

Trademarks for Wristwatch. Licensee hereby expressly acknowledges that Trademarks in relation to wristwatches are applied for registration but has not yet been registered. If such application for the registration of the Trademark is rejected, or if, in the reasonable judgment of Licensor, it becomes unfeasible to register said Trademarks, Licensor may in its sole discretion exclude the wristwatch from the definition of Licensed Products for all purposes hereunder. In this case, Licensee shall disclaim any and all claims, damages and compensation of any kind against Licensor in relation to such Licensor’s discretion.