Common use of Infringement by a Third Party Clause in Contracts

Infringement by a Third Party. Each Party shall promptly give Notice to the other Party when it becomes aware of any actual, suspected, or threatened Infringement of the Intellectual Property, Systems and/or Trademarks by a third party in the Territory. Canopy and/or a Licensor shall, in that case, take any steps it considers reasonably necessary in its sole discretion to enforce its Intellectual Property Rights and Trademark Rights at its own expense. The Licensee shall, at Canopy’s expense, cooperate with Canopy and/or the Licensors to the fullest possible extent.

Appears in 5 contracts

Samples: Credit Agreement (Acreage Holdings, Inc.), Credit Agreement (Canopy Growth Corp), Arrangement Agreement (Canopy Growth Corp)

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Infringement by a Third Party. Each Party shall promptly give Notice to the other Party when it becomes aware of any actual, suspected, or threatened Infringement of the Trademarks, the FAF Intellectual Property, Systems Property and/or Trademarks the System by a third party in the Territory. Canopy and/or a Licensor shallor its Affiliates, in that caseas appropriate, shall take any steps it considers reasonably necessary in its sole discretion to enforce its Intellectual Property Rights and Trademark Rights at its own expense. The Licensee shall, at Canopythe Licensor’s expense, cooperate with Canopy the Licensor and/or the Licensors its Affiliates to the fullest possible extent.

Appears in 1 contract

Samples: Intellectual Property and Trademark License Agreement (Fire & Flower Holdings Corp.)

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