Release and Assignment Sample Clauses
The Release and Assignment clause serves to transfer a party's rights, claims, or interests to another party, while simultaneously relinquishing any future claims related to those rights. In practice, this clause is often used when one party is settling a dispute or transferring ownership, such as assigning intellectual property rights or releasing claims in a settlement agreement. Its core function is to ensure that the transferring party cannot later assert rights or claims over the subject matter, thereby providing finality and legal certainty to the transaction.
Release and Assignment. The Lender hereby terminates and releases its security interest in and lien on all of the Company's Named Patents and the Lender hereby assigns and transfers to the Company, without recourse, all of the Lender's right, title and interest in and to each of the Named Patents effective as of the date set forth above.
Release and Assignment. M▇▇▇ hereby terminates and releases its security interest in and lien on all of LD’s (i) Patents, Patent Applications, and Patent Licenses and (ii) Trademarks, Trademark Applications and Trademark Licenses, and M▇▇▇ hereby assigns and transfers to LD, without recourse, all of the M▇▇▇’▇ right, title and interest in and to each of LD’ s (i) Patents, Patent Applications, and Patent Licenses, and (ii) Trademarks, Trademark Applications and Trademark Licenses, as of the date set forth above.
Release and Assignment. The Lender hereby terminates and releases its security interest in and first priority lien on all of the Company's Named Patents and the Lender hereby assigns and transfers to the Company, without recourse, all of the Lender's right, title and interest in and to each of the Named Patents effective as of the date set forth above.
Release and Assignment. Kim hereby assigns all his ▇▇ghts in any knowledge related to the Business to DynaSig. Kim hereby releases any ot▇▇▇ claims he may have related to the Business except as specified in this agreement or future agreements. Kim acknowledges that all ▇▇▇k he did was "work for hire" and that he has no claim on any of the technology developed. Kim will execute any furth▇▇ formal documents related to this release and assignment and assist DynaSig in filing a patent or patents for his prior work and assign such patents, royalty free, to DynaSig.
Release and Assignment. Upon the transfer or assignment by Customer of the Agreement or any rights thereunder under Article 18 of the Agreement or the termination of the Agreement or any rights thereunder, Guarantor’s obligations under this Guaranty shall be released and discharged with respect to the Agreement or rights thereunder, provided that, with respect to any transfer or assignment, CPA shall have consented to such transfer or assignment, which consent shall not be unreasonably withheld or delayed. CPA hereby agrees to enter into an agreement to evidence, or otherwise provide adequate assurance of, any such release or discharge. Subject to the foregoing sentences, Guarantor may not assign this Guaranty or its obligations thereunder without prior written consent of CPA, which consent shall not be unreasonably withheld or delayed.
Release and Assignment. Concurrently with the creation of the Security Interest under Amendment No. 1, and with the Collateral as substitute collateral, DTR hereby releases any security interest in the MBI Patents and MBI Technology and will deliver promptly to Armed UCC-3 Statements of Termination and other documents prepared by Armed in recordable form for terminating of record any other agreements or documents evidencing or perfecting the above security interest in the MBI Patents and MBI Technology (whether recorded in the Office of the Secretary of State of Minnesota or New Jersey, the U.S. Patent and Trademark Office or in any other governmental office). DTR hereby consents to the Artann/Armed Assignment. DTR represents and warrants to Armed that DTR (a) has not granted any security interest or lien in the MBI Technology to any third party and (b) no officer of DTR has actual knowledge, without inquiry, of any claim or right of any third party in or to the MBI Technology, except as disclosed in the Agreement or Amendment No.
1. Except as provided in the preceding sentence, DTR makes no representation of warranty to Armed, its Members or their Affiliates regarding the MBI Patents or other MBI Technology.
Release and Assignment. E-City releases Cityscape from any further financial obligation contained in the License and forever waives and discharges any rights to collect further payment from Cityscape under the License Agreement. Cityscape shall retain its non-exclusive license to the Butterfly Software Technology as contained in the License Agreement. E-City hereby assigns all right, title and interest to any software license agreement or other arrangement with the Town of Oakville, Ontario and with the City of Markham, Ontario ("Customers") to Cityscape. Cityscape agrees to indemnify and hold harmless E-City from any claims of any kind or character made by Customers against E-City.
Release and Assignment