Valid, Subsisting, and Enforceable Clause Samples
The 'Valid, Subsisting, and Enforceable' clause affirms that a contract, agreement, or right is legally effective, currently in force, and capable of being upheld in a court of law. In practice, this clause is often used in representations and warranties to assure one party that the other party’s obligations or rights under a referenced agreement are not void, expired, or subject to legal challenge. Its core function is to provide assurance and reduce risk by confirming that the referenced legal instruments are reliable and actionable, thereby supporting the integrity of the transaction.
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Valid, Subsisting, and Enforceable. To Seller’s knowledge, all Acquired Corporation IP (excluding Intellectual Property Rights licensed to the Acquired Corporations and listed in Schedule 3.12(b)) is valid, subsisting and enforceable. Without limiting the generality of the foregoing:
Valid, Subsisting, and Enforceable. To the Company’s knowledge, all Acquired Corporation IP is valid, subsisting and enforceable. Without limiting the generality of the foregoing:
Valid, Subsisting, and Enforceable. All Company IP that is Registered IP is valid, subsisting and enforceable. Without limiting the generality of the foregoing:
Valid, Subsisting, and Enforceable. The Intellectual Property Rights owned by the Company, including without limitation those set out in Part 1 of Schedule 3, are valid, subsisting and enforceable and nothing has been done or not been done as a result of which any of them has ceased or might cease to be valid, subsisting or enforceable. In particular: