Common use of Conflicting Rights of Third Parties Clause in Contracts

Conflicting Rights of Third Parties. The Corporation has the sole and exclusive right to use the Proprietary Rights without infringing or violating the rights of any third parties. Use of the Proprietary Rights does not require the consent of any other person and the Proprietary Rights are freely transferable. No claim has been asserted by any person to the ownership of or right to use any Proprietary Right or challenging or questioning the validity or effectiveness of any license or agreement constituting a part of any Proprietary Right, and neither the Corporation nor any Shareholder knows of any valid basis for any such claim. Each of the Proprietary Rights is valid and subsisting, has not been cancelled, abandoned or otherwise terminated and, if applicable, has been duly issued or filed.

Appears in 3 contracts

Samples: Stock Purchase Agreement (Boundless Motor Sports Racing Inc), Stock Purchase Agreement (Boundless Motor Sports Racing Inc), Asset Purchase Agreement (Boundless Motor Sports Racing Inc)

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Conflicting Rights of Third Parties. The Corporation has the sole and exclusive right to use the Proprietary Rights without infringing or violating the rights of any third parties. Use of the Proprietary Rights does not require the consent of any other person and the Proprietary Rights are freely transferable. No claim has been asserted by any person to the ownership of or right to use any Proprietary Right or challenging or questioning the validity or effectiveness of any license or agreement constituting a part of any Proprietary Right, and neither the Corporation nor any Shareholder knows of any valid basis for any such claim. Each of the Proprietary Rights is valid and subsisting, has not been cancelledcanceled, abandoned or otherwise terminated and, if applicable, has been duly issued or filed.

Appears in 2 contracts

Samples: Stock Purchase and Sale Agreement (Tca Cable Tv Inc), Stock Purchase and Sale Agreement (Tca Cable Tv Inc)

Conflicting Rights of Third Parties. The Corporation Each of the Companies has the sole and exclusive right to use the Proprietary Rights without infringing or violating the rights of any third parties. Use Except as set forth in SCHEDULE 4.13(b), use of the Proprietary Rights does not require the consent of any other person and the Proprietary Rights are freely transferable. No claim has been asserted by any person to the ownership of or right to use any Proprietary Right or challenging or questioning the validity or effectiveness of any license or agreement constituting a part of any Proprietary Right, and neither the Corporation nor any Shareholder knows of any valid basis for any such claim. Each of the Proprietary Rights is valid and subsisting, has not been cancelledcanceled, abandoned or otherwise terminated and, if applicable, has been duly issued or filed.

Appears in 1 contract

Samples: Securities Purchase Agreement (Zaring National Corp)

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Conflicting Rights of Third Parties. The Corporation Each Company has the sole and exclusive right to use the Proprietary Rights without infringing or violating the rights of any third parties. Use of the Proprietary Rights does not require the consent of any other person and the Proprietary Rights are freely transferable. No claim has been asserted by any person to the ownership of or right to use any Proprietary Right or challenging or questioning the validity or effectiveness of any license or agreement constituting a part of any Proprietary Right, and neither the Corporation any Company nor any Shareholder knows of any valid basis for any such claim. Each of the Proprietary Rights is valid and subsisting, has not been cancelledcanceled, abandoned or otherwise terminated and, if applicable, has been duly issued or filed.

Appears in 1 contract

Samples: Stock Purchase Agreement (American Homestar Corp)

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