Right to Use; Title. The Target or one of its Subsidiaries is the sole and exclusive legal and beneficial owner of all right, title, and interest in and to the Target-Owned IP, and has the valid and enforceable right to use and practice all other Intellectual Property used or practiced in or necessary for the conduct of the business of the Target and its Subsidiaries as currently conducted and as proposed to be conducted (all of the foregoing, collectively, the "Target IP"), in each case, free and clear of all Liens other than Permitted Liens.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Aytu Bioscience, Inc), Agreement and Plan of Merger (Innovus Pharmaceuticals, Inc.)
Right to Use; Title. The Target or one of its Subsidiaries is the sole and exclusive legal and beneficial owner of all right, title, title and interest in and to the Target-Owned IPto, and or has the valid and enforceable right to use and practice all other Intellectual Property used or practiced held for use in or necessary for the conduct of the business of the Target and its Subsidiaries as currently conducted and as proposed to be conducted contemplated (all of the foregoing, collectively, the "βTarget IP"β), in each case, free and clear of all Liens other than Permitted Liens, except as would not reasonably be expected to have, individually or in the aggregate, a Target Material Adverse Effect.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Vaporin, Inc.), Agreement and Plan of Merger (Vapor Corp.)
