Examples of Parent Proprietary Rights in a sentence
Parent owns or possesses all the Parent Proprietary Rights which are necessary for the conduct of its business as now conducted without any conflict with the rights of others.
Schedule 4.9(a) sets forth a complete and accurate list of all material licenses, sublicenses and similar agreements to which Parent is a party pursuant to which any other person is authorized to use, exercise or receive any material benefit from any Parent Proprietary Rights.
Neither Parent nor any of its Subsidiaries has received any notice or claim challenging Parent’s ownership of or use of any of the Parent Proprietary Rights, or challenging the effectiveness or enforceability of any licenses of Proprietary Rights to Parent or any of its Subsidiaries, nor to the knowledge of Parent is there a reasonable basis for any claim that Parent does not so own or is not so licensed any such Proprietary Right.
Parent has licenses or possesses other rights to use Proprietary Rights that are not Parent Proprietary Rights.
As of the date of this Agreement, Parent has not received any written notice that any Parent Proprietary Rights have been declared unenforceable or otherwise invalid by any court or governmental agency, and there is, to the knowledge of Parent, no material existing infringement, misuse or misappropriation of any Parent Proprietary Rights by others that could have a Material Adverse Effect.
Except as set forth in Schedule 4.9(b), Parent is the owner of all right, title, and interest in and to each of the Parent Proprietary Rights, free and clear of all liens, security interests, charges, encumbrances, equities, and other adverse claims (other than Permitted Liens), and has the right to use, sell, license, sublicense, assign and dispose, in each case without payment to a third party, all of the Parent Proprietary Rights and the products, processes and materials covered thereby.
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To the best knowledge of Parent, none of the ownership, access to, use or practice of the Parent Proprietary Rights by Parent or any Parent Subsidiary infringe on the rights of any other party and all Parent Proprietary Rights are valid and enforceable.
Neither Parent nor Acquisition Subsidiary is subject to any judgment, order, writ, injunction or decree of any court or any local, foreign or other governmental department, commission, board, bureau, agency or instrumentality, domestic or foreign, or any arbitrator, and the Neither Parent nor Acquisition Subsidiary has entered into or is a party to any contract which restricts or impairs the use of any such Parent Proprietary Rights in a manner which could have a Material Adverse Effect.
Except as disclosed in Schedule 4.10 of Parent Disclosure Schedules, neither Parent nor Acquisition Subsidiary has any obligation to compensate any person for the use of any Parent Proprietary Rights nor has the Parent or Acquisition Subsidiary granted to any person any license or other rights to use in any manner any Parent Proprietary Rights.