Examples of Registered IP Rights in a sentence
Section 4.12 of the Disclosure Schedule contains a complete and accurate list of each current item of Registered IP Rights and each and every license or agreement, which grants rights under Owned Intellectual Property, or Licensed Intellectual Property.
RareStone shall have the right to register or record its license under the Registered IP Rights with the relevant Governmental Authorities in the RareStone Territory to the extent that such registration or recordation is reasonably necessary in order for RareStone to carry out its obligations under this Agreement.
Each item of Registered IP Rights is subsisting, and to the Knowledge of the Company, valid and enforceable.
The Registered IP Rights are valid and no rights forming part of such Registered IP Rights have been abandoned, have lapsed or have been otherwise lost through the action of, or failure to act by any of the Companies (for the avoidance of doubt, such action or failure shall not include (i) any abandonments, lapses or other losses incurred in the regular course of business or prosecution of the Registered IP Rights or (ii) with respect to trademarks any susceptibility to cancellation for non-use).
Except for claiming “small entity status” on its patent applications identified on Schedule 3.15(b) of the disclosure Schedules, neither the Company nor any Company Affiliate has claimed any status in the application for or registration of any Registered IP Rights, that would not be applicable to Buyer.