Designated Intellectual Property definition
Examples of Designated Intellectual Property in a sentence
The Company owns, or is licensed or otherwise possesses valid rights under, the Designated Intellectual Property.
The Seller is in compliance with the material terms of any license to or license of (i) Designated Intellectual Property and (ii) to Seller’s Knowledge, all of the other Intellectual Property and any intellectual property subject to a Third Party IP License.
The relevant IP Holder(s) own, or are licensed or otherwise possess rights in, the Designated Intellectual Property.
All of the Designated Intellectual Property is valid and enforceable and, to Seller’s Knowledge, all other Active Intellectual Property is valid and enforceable.
To the knowledge of the Seller, the Designated Intellectual Property is free and clear of all material Security Interests.