Common use of Statement of Intent With Respect to Bankruptcy Clause in Contracts

Statement of Intent With Respect to Bankruptcy. The Parties intend that the licenses granted under this Agreement are, and shall otherwise be deemed to be, for purposes of Section 365(n) of the United States Bankruptcy Code, 111 U.S.C. § 101, et seq. (“Bankruptcy Code”), licenses of rights to “intellectual property” as defined in the Bankruptcy Code.

Appears in 6 contracts

Samples: Patent License Agreement (Marathon Patent Group, Inc.), Revenue Sharing and Note Purchase Agreement (Andrea Electronics Corp), Patent Security Agreement (Sito Mobile, Ltd.)

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