Common use of Licensed Assets Clause in Contracts

Licensed Assets. The EpiCept Intellectual Property includes all of the assets and properties that are owned or licensed by EpiCept with respect to the development, marketing and sale of the LidoPAIN(R) BP Product and that are reasonably required to develop, sell and ship the LidoPAIN(R) BP Product after the Effective Date, No Affiliate of EpiCept owns or licenses any assets or properties reasonably necessary for Endo to develop, produce or sell the Licensed Products as contemplated herein. EpiCept possesses or controls all material EpiCept Product Registration Data.