Common use of Company as Owner Clause in Contracts

Company as Owner. Licensee acknowledges that the Company is the owner of all right, title and interest in and to the Licensed Mxxx and the Other Intellectual Property (as hereinafter defined) in any form or embodiment thereof and is also the owner of the goodwill attached or which shall become attached to any such items in connection with the business and goods in relation to which the same has been, is or shall be used. Sales by Licensee shall be deemed to have been made by the Company for purposes of trademark registration and all uses of the Licensed Mxxx by Licensee shall inure to the benefit of the Company. Licensee shall not, at any time, do or suffer to be done any act or thing which may in any way adversely affect any rights of the Company in and to the Licensed Mxxx, the Other Intellectual Property or any registrations therefor, or which, directly or indirectly, may reduce the value or detract from the reputation of the Licensed Mxxx or the Other Intellectual Property.