Intellectual Property Asset definition
Examples of Intellectual Property Asset in a sentence
No employee, director, officer or shareholder of Priveco owns directly or indirectly in whole or in part, any Intellectual Property Asset which Priveco is presently using or which is necessary for the conduct of its business.
No employee, director, officer or shareholder of Priveco or any of its subsidiaries owns directly or indirectly in whole or in part, any Intellectual Property Asset which Priveco or any of its subsidiaries is presently using or which is necessary for the conduct of its business.
No Acquired Company is bound by, and none of the owned Intellectual Property Assets is subject to, any Contract that in any way limits or restricts the ability of any Acquired Company to use, exploit, assert, or enforce any such Intellectual Property Asset anywhere in the world.
No employee, director, officer or shareholder of Click owns directly or indirectly in whole or in part, any Intellectual Property Asset which Click is presently using or which is necessary for the conduct of its business.
There are no interference, opposition, reissue, reexamination or other similar proceedings pending or, to Seller’s knowledge, threatened in which the scope, ownership, validity or enforceability of any Intellectual Property Asset is being, has been or could reasonably be expected to be contested or challenged.