Examples of Licensed Company Intellectual Property in a sentence
The Company or a Company Subsidiary is the exclusive owner of all the Owned Company Intellectual Property and the Company or a Company Subsidiary has the right to use, subject to the terms of the applicable license agreement, all the Licensed Company Intellectual Property.
Each item of Owned Company Intellectual Property is solely and exclusively owned by the Acquired Companies free and clear of Claims, and each item of Licensed Company Intellectual Property that is material to the Acquired Companies is duly and validly licensed to the Acquired Companies under an enforceable written Contract for use in the manner currently used by the Acquired Companies in the conduct of their Business, as used by the Acquired Companies prior to Closing.
All Company Intellectual Property is either Company-Owned Intellectual Property or Licensed Company Intellectual Property.
To the knowledge of the Company, there has been no unauthorized use, or infringement, misappropriation, or other violation, by any third party of any Owned Company Intellectual Property or any Licensed Company Intellectual Property in any material respect.
The Head of Department may, subject to subsection (4), withdraw the registration referred to in subsection (1).