Common use of Ownership Free and Clear Clause in Contracts

Ownership Free and Clear. Seller exclusively owns all right, title and interest to and in all Registered Intellectual Property. Seller owns all right, title and interest to and in all material Intellectual Property used in or necessary to conduct the BU as currently conducted, and as currently proposed to be conducted, other than Intellectual Property licensed to Seller (with such licenses identified in Section 2.14.4 through 2.14.7 of the Disclosure Schedule). Without limiting the generality of the foregoing:

Appears in 1 contract

Samples: Asset Purchase Agreement (Secure Computing Corp)

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Ownership Free and Clear. Seller exclusively owns all right, title and interest to and in all Registered Intellectual Property. Seller owns all right, title and interest to and in all material Intellectual Property (except that in the public domain and not owned by a third party) used in or necessary to conduct the BU Business as currently conducted, and as conducted or currently proposed contemplated to be conducted, other than conducted (the "Business Intellectual Property licensed to Seller (with such licenses identified in Section 2.14.4 through 2.14.7 Property") free and clear of the Disclosure Schedule)any Liens. Without limiting the generality of the foregoing:

Appears in 1 contract

Samples: Asset Purchase Agreement (Herley Industries Inc /New)

Ownership Free and Clear. Seller exclusively owns all right, title and interest to and in all Registered Intellectual Property. Seller owns all right, title and Table of Contents interest to and in all material Intellectual Property used in or necessary to conduct the BU Business as currently conducted, and as conducted or currently proposed contemplated to be conductedconducted (the “Business Intellectual Property”), other than Intellectual Property licensed to Seller (with such licenses Seller, as identified in Section 2.14.4 through 2.14.7 Schedule 3.16(c), which schedule shall indicate whether such Intellectual Property is exclusive or not) free and clear of any Liens (other than licenses and rights granted pursuant to the Disclosure ScheduleContracts). Without limiting the generality of the foregoing:

Appears in 1 contract

Samples: Asset Purchase Agreement (Nanometrics Inc)

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Ownership Free and Clear. Seller exclusively owns all right, title and interest to and in all Registered Intellectual Property. Seller owns all right, title and interest to and in all material Intellectual Property used in or necessary to conduct the BU Business as currently conducted, and as conducted or currently proposed contemplated to be conductedconducted (the “Business Intellectual Property”), other than Intellectual Property licensed to Seller (with such licenses Seller, as identified in Section 2.14.4 through 2.14.7 Schedule 3.16(c), which schedule shall indicate whether such Intellectual Property is exclusive or not) free and clear of any Liens (other than licenses and rights granted pursuant to the Disclosure ScheduleContracts). Without limiting the generality of the foregoing:

Appears in 1 contract

Samples: Asset Purchase Agreement (Nanometrics Inc)

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