Common use of Status of Proprietary Assets Clause in Contracts

Status of Proprietary Assets. Each Group Company (i) has independently developed and owns free and clear of all claims, security interests, liens or other encumbrances, or (ii) has a valid right or license to use, all Proprietary Assets (as defined below), including without limitation all Registered Intellectual Property (as defined below), necessary and appropriate for its business and, to the knowledge of the Seller Parties without any conflict with or infringement of the rights of others. For purpose of this Agreement, (i) “

Status of Proprietary Assets. Each Group Company (i) has independently developed and owns free and clear of all claims, security interests, liens or other encumbrancesany Encumbrances, or (ii) has a valid right or license to use, all Proprietary Assets (as defined below), including without limitation all Registered Intellectual Property (as defined below), necessary and appropriate for its business and, to the knowledge of the Seller Parties Business and without any conflict with or infringement of the rights of others. For purpose of this Agreement, (i) “

Status of Proprietary Assets. (a) Each Group Company (i) has independently developed and owns free and clear of all claims, security interests, liens or other encumbrancesany Encumbrance, or (ii) has a valid right or license to use, all Proprietary Assets (as defined below)Assets, including without limitation all Registered Intellectual Property (as defined below)Property, necessary and appropriate for its business as now conducted and as proposed to be conducted and, to the knowledge of the Seller Parties Company, without any conflict with or infringement of the rights of others. For purpose Section 8 of this Agreement, (i) “the Disclosure Schedule contains a complete list of Registered Intellectual Property of each Group Company.