Common use of Trademark Registration Clause in Contracts

Trademark Registration. In the event the Territory includes countries in which one or more of the Marks has not yet been registered, LICENSOR has the right, but not the obligation, to obtain trademark registration of any of the Marks in such countries. LICENSOR makes no representation or warranty that the Marks will be registered or are registerable in the Territory, and the failure to obtain or maintain registrations thereof shall not be deemed a breach hereof by LICENSOR.