Common use of Assignment of Trademarks Clause in Contracts

Assignment of Trademarks. At or prior to Closing, Buyer shall prepare and Seller shall execute such assignment documents as Buyer may reasonably request in order to record the assignment of the Trademarks. The responsibility and expense of filing such documents and any actions required ancillary thereto, shall be borne solely by Buyer. Notwithstanding anything contained elsewhere herein, Buyer shall hold Seller and its Affiliates harmless from and against any loss or damage, including but not limited to fees, penalties, fines or third party claims, due to Buyer's failure to record any assignment of any such Trademarks pursuant to this subsection, except if such loss or damage is due to the conduct of the Seller.

Appears in 4 contracts

Samples: Asset Purchase Agreement (Icn Pharmaceuticals Inc), Asset Purchase Agreement (Icn Pharmaceuticals Inc), Asset Purchase Agreement (Icn Pharmaceuticals Inc)

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