Transferred Intellectual Property definition
Examples of Transferred Intellectual Property in a sentence
There are no claims pending or threatened by Seller or any of its Affiliates against any Person regarding any actual or potential dilution, misappropriation, violation, or other unauthorized use of the Transferred Intellectual Property and to the Knowledge of Seller, no third party is misappropriating, or otherwise violating any of the Transferred Intellectual Property.
As of the date hereof, no claims are pending or, to the Knowledge of Seller, threatened in writing, against Seller or any of its Affiliates by any Person with respect to the ownership, validity, enforceability, effectiveness or use of any Transferred Intellectual Property.
No third Person has in the past six (6) years infringed, misappropriated or otherwise violated, nor is currently infringing, misappropriating or otherwise violating any Transferred Intellectual Property.
The Transferred Intellectual Property is fully transferable, alienable and licensable by Seller or such Affiliate without restriction and without payment to any Person.
The conduct of the CDMO Operations, the possession or use of the equipment on or at the Facility and the possession or use of the Transferred Intellectual Property have not, from the date that is six (6) years prior to the date hereof, infringed, misappropriated or otherwise violated, and are not infringing, misappropriating or otherwise violating, any Intellectual Property of any third Person.