Common use of Intellectual Property Licenses Clause in Contracts

Intellectual Property Licenses. Each of the Company and its Subsidiaries owns or has the right to use all patents, patent applications, trademarks, trademark applications, tradenames, copyrights, franchises, trade secrets, proprietary or other confidential information and intangible properties and assets (collectively, "Intangibles") reasonably necessary to conduct its business as now conducted; and none of the Company or its Subsidiaries has any knowledge of any infringement by it of Intangibles of others, and there is no claim being made against the Company or any of its Subsidiaries, or to the Knowledge of the Company, any employee of the Company or its Subsidiaries, regarding infringement of any Intangibles of others which could reasonably be expected to have a Material Adverse Effect and, to the Knowledge of the Company, there is no infringement by others of Intangibles of the Company or any of its Subsidiaries.

Intellectual Property Licenses. Each of the Company and its Subsidiaries owns or has the right to use all patents, patent applications, trademarks, trademark applications, tradenames, copyrights, franchises, trade secrets, proprietary or other confidential information and intangible properties and assets (collectively, "IntangiblesINTANGIBLES") reasonably necessary to conduct its business as now conducted; and none of the Company or its Subsidiaries has any knowledge of any infringement by it of Intangibles of others, and there is no claim being made against the Company or any of its Subsidiaries, or to the Knowledge of the Company, any employee of the Company or its Subsidiaries, regarding infringement of any Intangibles of others which could reasonably be expected to have a Material Adverse Effect and, to the Knowledge of the Company, there is no infringement by others of Intangibles of the Company or any of its Subsidiaries.