Examples of Target Intellectual Property in a sentence
All Listed Target Intellectual Property is owned by the Target or a Target Subsidiary, free and clear of security interests, liens, encumbrances or claims of any nature.
All Listed Target Intellectual Property is valid, subsisting, unexpired, in proper form and enforceable and all renewal fees and other maintenance fees that have fallen due on or prior to the effective date of this Agreement have been paid.
No Listed Target Intellectual Property is the subject of any proceeding before any governmental, registration or other authority in any jurisdiction, including any office action or other form of preliminary or final refusal of registration, except as noted on Schedule 3A(r)(ii).
There is no claim, suit, action or proceeding pending or, to the knowledge of the Target, threatened against the Target or any Target Subsidiary: (i) alleging any such conflict or infringement with any third party’s proprietary rights; or (ii) challenging the Target’s or any Target Subsidiary’s ownership or use of, or the validity or enforceability of any Target Intellectual Property.
The Target and its Target Subsidiaries are in compliance with all contractual obligations relating to the protection of such of the Target Intellectual Property as they use pursuant to license or other agreement.