Examples of Parent IP Rights in a sentence
Neither Parent nor any Parent Subsidiary has received any written demand, claim or notice from any Person in respect of the Parent IP Rights which challenges the validity of, or the rights of Parent or such Parent Subsidiary in, any such Parent IP Rights.
Parent and its Subsidiaries have taken commercially reasonable steps to protect and preserve the confidentiality of all confidential or non-public information included in Parent IP Rights (“Parent Confidential Information”).
To the Knowledge of Parent, all of Parent IP Rights other than Parent-Owned IP Rights are duly and validly licensed to Parent or its applicable Subsidiary pursuant to a valid and enforceable Contract, or Parent and its Subsidiaries otherwise have a valid and enforceable right with respect to such Parent IP Rights, for use in the manner in which such Parent IP Rights are used (or held for use) or practiced in the conduct of Parent’s and its Subsidiaries’ businesses including in the Parent Products.
Each item of Parent IP Rights that is Parent Registered IP is and at all times has been filed and maintained in compliance with all applicable Law and all filings, payments, and other actions required to be made or taken to maintain such item of Parent Registered IP in full force and effect have been made by the applicable deadline, except for any failure to perform any of the foregoing, individually or collectively, that would not reasonably be expected to be material to the Parent or its business.
Each Person who is or was an employee or contractor of Parent and who is or was involved in the creation or development of any material Parent IP Rights purported to be owned by Parent has signed a valid, enforceable agreement containing an assignment of such Parent IP Rights to Parent and confidentiality provisions protecting Trade Secrets and confidential information of Parent.