Common use of Licenses Received Clause in Contracts

Licenses Received. Except for software licenses granted to the Acquired Company for off-the-shelf third party software, all licenses or other agreements under which the Acquired Company is granted rights by others in Intellectual Property Assets are listed in Section 2.15(h) of the Disclosure Schedule. All such licenses or other agreements are in full force and effect, there is no material default by any party thereto and all of the rights of the Acquired Company thereunder are freely assignable. True and complete copies of all such licenses or other agreements, and any amendments thereto, have been provided to the Purchaser.