IP Assets definition
Examples of IP Assets in a sentence
The Vendor and SNI owns all right, title and interest in and to, or have validly licensed (and are not in breach of such licenses) all material Intellectual Property Rights in the IP Assets.
All Intellectual Property Rights in the IP Assets owned or leased by the Vendor or SNI, as the case may be, are valid and enforceable and the carrying on of the operations concerning the Business and the use by the Vendor or SNI of any such Intellectual Property Rights or Technology (as defined below) owned by or licensed by it does not breach, violate, infringe or interfere with any rights of any other Person.
Provide the Purchaser, as soon as practicable after receipt or delivery of same, with copies of all written correspondence to and received from any Government Authority with respect to the IP Assets.
To the knowledge of the Vendor, no third party is infringing upon the Intellectual Property Rights in the IP Assets owned or licensed by the Vendor or SNI.