Assignment of Causes of Action. Effective upon the Closing Date, Seller hereby sells, assigns, transfers and conveys to Purchaser all right, title and interest it has in and to all causes of action and enforcement rights it has, whether known, unknown, currently pending, filed, or otherwise, for the Patents, including without limitation all its rights to pursue damages, injunctive relief and other remedies for past, current and future infringement of the Patents. Purchaser understands that the Patents were at one time owned by another entity and as such, Seller may not have information on causes of action, if any, initiated by such entity.
Appears in 2 contracts
Sources: Patent Purchase Agreement (Single Touch Systems Inc), Patent Purchase Agreement