Common use of Know-How Necessary for the Business Clause in Contracts

Know-How Necessary for the Business. (i) To the best of the Company’s or the Company Shareholder’s Knowledge, the Company is the owner, free and clear of all liens, security interests, charges, encumbrances, equities, and other adverse claims, of all Intellectual Property Assets necessary for the operation of the Company’s business as it is currently conducted, and has the right to use without payment to a third party all of such Intellectual Property Assets.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Aduddell Industries Inc), Agreement and Plan of Merger (Aduddell Industries Inc)

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Know-How Necessary for the Business. (i) To the best One or more of the Company’s or the Company Shareholder’s Knowledge, the Company Acquired Companies is the ownerowner of all right, title, and interest in and to each of the Intellectual Property Assets, free and clear of all liens, security interests, charges, encumbrances, equities, and other adverse claims, of all Intellectual Property Assets necessary for the operation of the Company’s business as it is currently conducted, and has the right to use without payment to a third party all of such the Intellectual Property Assets.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Spar Group Inc), Stock Purchase Agreement (Quiksilver Inc)

Know-How Necessary for the Business. (i) To the best of the Company’s or the Company Shareholder’s Knowledge, the The Company is the ownerowner of all right, title, and interest in and to each of the Intellectual Property Assets, free and clear of all liens, security interests, charges, encumbrances, equities, and other adverse claims, of all Intellectual Property Assets necessary for the operation of the Company’s business as it is currently conducted, and has the right to use without payment to a third party all of such the Intellectual Property Assets.

Appears in 1 contract

Samples: Stock Purchase Agreement (Dreams Inc)

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Know-How Necessary for the Business. (i) To 2.13.3.1. The Company is the best owner of all right, title, and interest in and to each of the Intellectual Property Assets necessary for the operation of the Company’s 's business as it is currently conducted or as reflected in the Company Shareholder’s Knowledge, Business Plan given to the Company is the owner, Investors free and clear of all liens, security interests, charges, encumbrances, equities, and other adverse claims, of all Intellectual Property Assets necessary for the operation of the Company’s business as it is currently conducted, and has the right to use without payment to a third party all of such the Intellectual Property Assets.

Appears in 1 contract

Samples: Series H Preferred Stock Purchase Agreement (Avery Communications Inc)

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