Concuity, Inc Clause Samples

Concuity, Inc. Entity. After the date of this Agreement, Seller shall use commercially reasonable efforts to cause the entity “Concuity, Inc.” to remove all derivatives of “Concuity” from its corporate name. If, after Closing, Seller is unable, after having used such commercially reasonable efforts, to cause Concuity, Inc. to change its corporate name, and Buyer provides Seller notice that Buyer has been advised by its intellectual property counsel that Concuity, Inc.’s use of its name infringes upon Buyer’s rights to the Business and the Concuity brand, Seller shall in good faith diligently pursue legal recourse against Concuity, Inc. in consultation with Buyer. If Seller is unable to cause Concuity, Inc. to change its corporate name within one year after Seller receives Buyer’s notice pursuant to this Section 5.12, then Buyer may pursue legal recourse against Concuity, Inc. and Seller shall reimburse Buyer for its out of pocket costs and expenses in connection therewith.