Common use of Licensed Materials and Technology Clause in Contracts

Licensed Materials and Technology. BioCurex (a) is the sole owner of the Licensed Materials and Technology, except for Abbott Laboratories, Inc. ("Abbott ▇▇▇▇")which has a semi-exclu▇▇▇▇ ▇icense to the Licensed Materials and Technology in the Field; (b) is not aware of any Third Party patent, patent application or other intellectual property rights that would be infringed (i) by practicing any process or method or by making, using or selling any composition which is claimed or disclosed in the Licensed Patent Rights or which constitutes Licensed Know-How, or (ii) by making, using or selling Products; and (c) is not aware of any infringement or misappropriation by a Third Party of the Licensed Materials and Technology.