Examples of Purchased Intellectual Property Assets in a sentence
The consideration for the Shares cancelled in the Merger and the sale and transfer of the Purchased Intellectual Property Assets shall be $335,000,000 (the “Initial Purchase Price”), subject to adjustments pursuant to Section 2.5 (as so adjusted, the “Purchase Price”).
To Seller’s Knowledge, All of the Purchased Intellectual Property Assets (and the Licensed IP) are valid and enforceable.
The Company and the Seller Subsidiaries have sold, assigned, transferred and conveyed and do hereby sell, assign, transfer and convey unto Purchaser all of their respective rights, titles and interests of the Company and the Seller Subsidiaries in, to and benefits under each and all of the Purchased Intellectual Property Assets.
Except as set forth on Schedule 3.13, and except for such infringement, misappropriation, misuse or violation which would not reasonably be expected to materially impair Purchaser’s or its Affiliates’ ownership or operation of the Business, to the Knowledge of Sellers, (i) the conduct of the Business does not infringe, misappropriate, misuse or violate any Intellectual Property of any Person and (ii) no Person is infringing the Registered IP or the Purchased Intellectual Property Assets.
For clarity, Buyer shall own all Purchased Assets, including those that constitute Purchased Intellectual Property Assets, and Buyer shall have license rights in accordance with the License Agreement.
The Purchased Intellectual Property Assets identified as follows: See Schedule B-1, which shall be updated at Closing.
The Company shall be responsible for ensuring that its actions with respect to all of the Purchased Intellectual Property Assets are in compliance with all applicable export control Laws (“Export Control Laws”).
Seller is retaining ownership in certain intellectual property to which Buyer desires to have a license in order to realize full benefit and enjoyment of the Purchased Intellectual Property Assets (collectively, the "Licensed Intellectual Property" as further defined in Section 1.01(g) below) and Seller desires to grant Buyer such license to the Licensed Intellectual Property.
For further clarity, (i) Seller may not engage in the manufacturing and supply of products, services, or activities in the Less Than Lethal Field utilizing any of the Purchased Intellectual Property Assets or the Licensed IP, and (ii) Seller may engage in the manufacturing and supply of products, services, or activities in the Less Than Lethal Field only as long as such products, services, or activities do not utilize any of the Purchased Intellectual Property Assets or the Licensed IP.
The Company and the Seller Subsidiaries do hereby authorize and request the Commissioner of Patents and Trademarks and the equivalent official or institution in each country throughout the world to assign all Purchased Intellectual Property Assets to Purchaser as assignee of the entire interest.