Common use of Intellectual Property Transfers Clause in Contracts

Intellectual Property Transfers. Neither Debtor nor any affiliate or Subsidiary of Debtor shall dispose of, sell or transfer (i) exclusive rights to any intellectual property, (ii) ownership (or substantially all the attributes of ownership), or (iii) any other right, title or interest in or to its intellectual property of any kind, except (with respect to this (iii)) in the ordinary course of business, to any third party (directly or indirectly, by agreement, joint venture, strategic alliance or otherwise).

Appears in 2 contracts

Samples: General Security Agreement (Smartire Systems Inc), License Agreement (Smartire Systems Inc)

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Intellectual Property Transfers. Neither Debtor the Company nor any affiliate or Subsidiary subsidiary of Debtor the Company shall dispose of, sell or transfer (i) exclusive rights to any intellectual property, (ii) ownership (or substantially all the attributes of ownership), or (iii) any other right, title or interest in or to its intellectual property of any kind, except (with respect to this (iii)) in the ordinary course of business, to any third party (directly or indirectly, by agreement, joint venture, strategic alliance or otherwise).

Appears in 1 contract

Samples: Security Agreement (Smartire Systems Inc)

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Intellectual Property Transfers. Neither Debtor the Company nor any affiliate or Subsidiary of Debtor the Company shall dispose of, sell or transfer (i) exclusive rights to any intellectual property, (ii) ownership (or substantially all the attributes of ownership), or (iii) any other right, title or interest in or to its intellectual property of any kind, except (with respect to this (iii)) in the ordinary course of business, to any third party (directly or indirectly, by agreement, joint venture, strategic alliance or otherwise).

Appears in 1 contract

Samples: Security Agreement (Smartire Systems Inc)

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