Common use of Goodwill of Trademarks Clause in Contracts

Goodwill of Trademarks. The Licensee shall not make any representation or do any act which may be taken to indicate that it has any right, title, or interest in or to the ownership or use of the Trademarks except under the terms of this Agreement and acknowledges that nothing contained in this Agreement or done pursuant to this Agreement shall give the Licensee any right, title, or interest in or to the Trademarks. To the extent that any use of the Trademarks by the Licensee in any part of the Territory may result in a development of goodwill in the Trademarks in that part of the Territory, such goodwill shall inure to the sole benefit of and be on behalf of The Open Group. Upon termination of this Agreement for any reason, all rights in the Trademarks will automatically revert to The Open Group. The Licensee will at any time execute any documents reasonably required by The Open Group to confirm The Open Group’s ownership of all such rights.

Appears in 4 contracts

Samples: Fair Accreditation Trademark License Agreement, Recognized Assessor Trademark License Agreement, License Agreement

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Goodwill of Trademarks. The Licensee or Affiliate Licensee shall not make any representation or do any act which may be taken to indicate that it has any right, title, or interest in or to the ownership or use of the Trademarks except under the terms of this Agreement and acknowledges that nothing contained in this Agreement or done pursuant to this Agreement shall give the Licensee or Affiliate Licensee any right, title, or interest in or to the Trademarks. To the extent that any use of the Trademarks by the Licensee or Affiliate Licensee in any part of the Territory may result in a development of goodwill in the Trademarks in that part of the Territory, such goodwill shall inure to the sole benefit of and be on behalf of The Open Group. Upon termination of this Agreement for any reason, all rights in the Trademarks will automatically revert to The Open Group. The Licensee or Affiliate Licensee will at any time execute any documents reasonably required by The Open Group to confirm The Open Group’s ownership of all such rights.

Appears in 1 contract

Samples: License Agreement

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