Common use of Licensor’s Representations and Warranties Clause in Contracts

Licensor’s Representations and Warranties. (a) Licensor represents and warrants to Licensee that (i) on the Closing Date, Licensor has the exclusive authority to grant the license contemplated hereunder and enforce the Licensed IP, and (ii) if Licensor grants to Licensee a license in patents after the Closing Date, Licensor will own legal title to such licensed patents on the date of such license grant.

Licensor’s Representations and Warranties. (a) Licensor represents and warrants to Licensee that (i) on the Closing Date, Licensor has the exclusive authority to grant the license contemplated hereunder and enforce the Licensed IP, and (ii) if and when Licensor grants shall grant to Licensee a license in patents it may acquire after the Closing Date, as required under this Agreement, Licensor will own legal title to such licensed patents on the date of such license grant.