Common use of Tradename Clause in Contracts

Tradename. There have never been any Liens or pending or threatened third-party claims for infringement or unlawful use of the tradename used by the Company, and to the Actual Knowledge of each of the Contributing Parties the Company has the right to sell, transfer, assign and convey such tradename to BNP, provided, however, no party has filed for any protection under federal or state trademark laws and no Contributing Party has taken any steps other than use to secure any common law proprietary interest in such tradename.