Common use of Ownership and Quality Clause in Contracts

Ownership and Quality. (a) LinnCo agrees that ownership of the Name and the Marks and the goodwill relating thereto shall remain vested in Linn Energy, the owner of the xxxx, and any successor thereto, both during the term of this License and thereafter, and LinnCo further agrees never to challenge, contest or question the validity of Linn Energy’s ownership of the Name and Marks or any registration thereto by Linn Energy. In connection with the use of the Name and the Xxxx, LinnCo shall not in any manner represent that it has any ownership in the Name and the Marks or registration thereof except as set forth herein, and LinnCo acknowledges that the use of the Name and the Marks shall not create any right, title or interest in or to the Name and the Marks, and all use of the Name and the Marks by LinnCo shall inure to the benefit of Linn Energy.

Appears in 4 contracts

Samples: Omnibus Agreement, Omnibus Agreement, Omnibus Agreement (LinnCo LLC)

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