Common use of Title and Validity Clause in Contracts

Title and Validity. Licensor hereby represents and warrants that it is the sole owner of all right, title and interest in and to the Licensor Patent and Trademark Rights. To Licensor's knowledge, there are no claims or suits challenging Licensor's ownership or right to use the Licensor Patent and Trademark Rights, or alleging that any of the Licensor Patent and Trademark Rights infringe any rights of any third party, nor does there exist any basis therefor. To Licensor's knowledge, it is not necessary for Licensee to obtain any royalty bearing licenses from any third party in order to fully exercise the rights granted by Licensor hereunder. Licensor has no knowledge of any fact that casts substantial doubt on the validity of any of the Licensor Patent and Trademark Rights as of this date.