Licensed status Sample Clauses
The 'Licensed status' clause defines the legal standing or authorization of a party to use, distribute, or otherwise exploit certain intellectual property or assets under the agreement. Typically, this clause clarifies whether the license is exclusive or non-exclusive, the scope of rights granted, and any limitations or conditions attached to the license. By specifying the licensed status, the clause ensures that both parties understand the extent of permitted use and helps prevent unauthorized exploitation or infringement, thereby reducing legal risk and ensuring compliance with the terms of the agreement.
Licensed status. Licensee warrants that he/she is duly licensed with the Georgia Real Estate Commission and the licensing authority of the Out-of-State broker as a Salesperson, Associate Broker, and/or Community Association Manager. Georgia Broker warrants that he/she is duly licensed with the Georgia Real Estate Commission as a real estate broker. Out-of-State Broker warrants that Out-of-State Broker is duly licensed in the Out-of-State Broker’s state of residence as a real estate broker. Licensee shall promptly provide Georgia Broker and Out-of-State Broker with sufficient evidence of the active status of Licensee’s license upon notice and a request for same from either Broker.
Licensed status. Consultant shall, at all times during the term of this Agreement, have in full force and effect, all licenses required of it by law, including, but not limited to, a City Business License.