Company Technology definition
Examples of Company Technology in a sentence
There are not, and to the Knowledge of the Company there will not be after the Closing, any restrictions on the Company’s, the Surviving Corporation’s or Parent’s right to sell any Product existing as of the Closing Date (other than Products that are solely in development), or to use, transfer or license any Company Intellectual Property or Company Technology.
The Company is taking and has taken commercially reasonable steps to obtain, maintain, police and protect the Company Intellectual Property and Company Technology and to maintain and protect the confidentiality of any Trade Secrets, Source Code and other material Confidential Information of the Business, including any in Technology.
The Company Intellectual Property and Company Technology are not subject to any pending or written threatened action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand that challenges the validity, enforceability, registration, ownership or use of the item.
Except as set forth on Schedule 3.19(e) of the Disclosure Schedules, the Company solely and exclusively owns all right, title and interest (including the sole right to enforce), free and clear of all Encumbrances (except Permitted Encumbrances), in and to all Company Intellectual Property and Company Technology.
The Company has not made or asserted any charge, complaint, claim, demand, or notice (i) alleging any unauthorized use, unauthorized disclosure, infringement, dilution, violation or misappropriation of any Company Intellectual Property or Business Intellectual Property or (ii) pertaining to or challenging the validity, enforceability, priority or registrability of, or any right, title or interest of any Person with respect to, any Company Intellectual Property or Company Technology.