Examples of Purchased Intellectual Property in a sentence
The Purchased Intellectual Property and the rights granted under the License Agreement and the Intellectual Property Agreements are all the Intellectual Property necessary for the continued conduct of the Business after the Closing in substantially the same manner as conducted prior to the Closing (excluding Open Source Software and shrink-wrap, click-wrap or other similar agreements for commercially available off-the-shelf Software).
Except as set forth on Schedule 4.13(d), the Sellers and 3D Korea have not received any written or, to the Sellers’ Knowledge, other notice of (i) any actual, alleged or threatened violation, infringement or misappropriation by a Seller or 3D Korea of the Intellectual Property of any other Person related to the Purchased Intellectual Property or other Business Purchased Assets, and (ii) a Person challenging the ownership, use, validity, or enforceability of any Purchased Intellectual Property.
To the Sellers’ Knowledge, except as set forth on Schedule 4.13(d), no Person is violating, infringing or misappropriating any Purchased Intellectual Property.
Neither the Sellers nor 3D Korea is subject to any outstanding or prospective Governmental Order (including any motion or petition therefor) that does or could reasonably be expected to restrict or impair the use of any Purchased Intellectual Property or the products and services of the Business.
The Sellers and 3D Korea are not aware of any facts or circumstances that could reasonably be expected to give rise to any claims that the Business, the Business Purchased Assets or the Purchased Intellectual Property violate, infringe or misappropriate the Intellectual Property rights of any Person.