Examples of Marked Materials in a sentence
The Purchaser shall grant an irrevocable, license to the Seller, exclusive within North America and any additional territory of exclusivity under the Partner Contract, to use the Seller’s Marks on stationery, equipment, web, invoices, receipts, forms, packaging, advertising and promotional materials, products, software or like materials (the "Marked Materials") after Closing, in relation to the sales and marketing of the existing IP Gear, Ltd.
In addition, the Purchaser shall grant an irrevocable, nonexclusive license to the Seller, effective until such time as the Purchaser shall have paid to the Seller all of the Minimum Earn Out payment, to use the Seller’s Marks on the Marked Materials in relation to the Seller’s sales and marketing of telecommunications and networking equipment and services, without restriction based on territory or product.
Following the expiration of thirteen (13) months following Completion Date referred to above, the Purchaser shall cause the Company to remove or replace any reference to the Retained Names and Marks from such Existing Marked Materials or to cease using such Existing Marked Materials.
Precision agrees that the Marked Materials shall be of such nature, style, appearance and quality as shall be adequate and suited to the protection of the Marks and the goodwill associated therewith.
Within 13 months after the Closing Date, the Company shall provide evidence reasonably satisfactory to Transferor that all Marked Materials have been used or destroyed.