Licensor Marks definition
Examples of Licensor Marks in a sentence
During the term of this Agreement, Licensor shall use its best efforts to maintain in full force and effect U.S. federal registrations for the Licensor Marks.
With respect to Licensor Marks, Licensor shall (y.) have the sole right, but not the obligation, to initiate any legal action at its own expense against such infringement and to recover damages and enforce any injunction granted as a result of any judgment in Licensor’s favor and (z.) Licensor shall have sole control over any such action, including, without limitation, the sole right to settle and compromise such action.
Licensee shall promptly (a.) notify Licensor of any potential or actual infringement by a third party of the BONY Patent Rights or the Licensor Marks of which Licensee becomes aware, and (b.) provide to Licensor all evidence of such infringement in Licensee’s possession, custody or control.
In the event of a dispute between Licensor and any third party regarding the infringement, validity or enforceability of the BONY Patent Rights or the Licensor Marks, Licensee agrees, at Licensor’s expense, to do all things reasonably requested by BONY or Licensor to assist them in connection with such dispute.
The Licensee acknowledges that the Index and the Licensor Marks are the exclusive property of Licensor and that Licensor has and retains all Intellectual Property rights therein.