Examples of Company Exclusively Licensed Intellectual Property in a sentence
Except as would not have a Company Material Adverse Effect, and except as set forth on Section 4.15(a) of the Company Disclosure Letter, the Company Owned Intellectual Property and the Company Exclusively Licensed Intellectual Property are each (A) subsisting and, to the Knowledge of the Company, valid and enforceable and (B) not subject to any outstanding Order.
All assignments of Company Owned Intellectual Property Registrations to the Company or any Subsidiary have been properly executed and recorded and all exclusive licenses granted to Company or any of its Subsidiaries of Company Exclusively Licensed Intellectual Property Registrations remain in force and are enforceable in accordance with their terms, subject to Applicable Bankruptcy Laws.
The Company and the Subsidiary exercise reasonable business judgment in the enforcement of quality control measures regarding the Company Owned Intellectual Property and Company Exclusively Licensed Intellectual Property that are Trademarks that have been licensed by the Company to third parties.
No action has been brought by the Company or the Subsidiary against any Person alleging infringement or misappropriation of any Company Owned Intellectual Property or Company Exclusively Licensed Intellectual Property that are Intellectual Property Rights.
There are no defects in any of the software included in the Company-Owned Intellectual Property or Company Exclusively Licensed Intellectual Property that would prevent such software from performing substantially in accordance with its specifications and internal documentation.
To the Knowledge of the Company, no third party is infringing, misappropriating, or otherwise violating the Intellectual Property Rights included in the Company Owned Intellectual Property or Company Exclusively Licensed Intellectual Property.
The Company has taken all actions reasonably necessary and required to maintain, preserve, enforce, and protect the Company-Owned Intellectual Property and the Company Exclusively Licensed Intellectual Property, including all trade secrets and confidential information of the Company and all source code for proprietary software of the Company.
To the Knowledge of the Company, except as would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect, (i) the Company Exclusively Licensed Intellectual Property is solely and exclusively in-licensed by the Company, and (ii) the other Company Licensed Intellectual Property is in-licensed by the Company, in each case of the foregoing clauses (i) and (ii), free and clear of any Encumbrance, other than Permitted Encumbrances.