Verdure definition
Examples of Verdure in a sentence
Within fifteen (15) days of the date hereof, Licensee shall furnish Verdure a certificate of insurance evidencing such insurance, and in no event shall Licensee manufacture, offer for sale, sell, advertise, promote, ship and/or distribute the Verified Products prior to receipt by Verdure of such evidence of insurance.
Verdure has the right to assign, sublicense and/or transfer its rights and obligations under this Agreement, subject to the Licensee’s prior written consent, which will not be unreasonably withheld.
Licensee shall, throughout the term of this Agreement, obtain and maintain at its own cost and expense from a financially sound insurance company acceptable to Verdure, adequate commercial general liability, errors and omissions, and product liability insurance, the form of which must be acceptable to Verdure, covering Verdure as an additional insured.
Licensee acknowledges the validity of each trademark application and/or registration, anywhere in the world, that Verdure may now or may hereinafter own for the Trademarks.
Licensee understands and agrees that an essential condition of this Agreement is to protect the goodwill and reputation of Verdure and the value of the Trademarks.
The policy shall provide for ten (10) days’ notice to Verdure from the insurer by registered or certified mail, return receipt requested, in the event of any modification, cancellation or termination.
Licensee shall use commercially reasonable efforts to ensure that all Trademark Displays shall contain appropriate legends, markings and/or notices as required from time to time by governmental authorities and Verdure, including to give appropriate notice to the consuming public of right, title and interest thereto.
If the approval, license, permit, or permission of any governmental agency is required before marketing, use, distribution, or sale of a Verified Product or this Agreement is enforceable by Verdure, then such approval is a condition precedent to this Agreement’s validity.
Nothing in this Agreement shall be construed as an assignment to Licensee of any right, title, and/or interest in and to the Trademarks, and Verdure hereby reserves all rights not expressly granted to Licensee hereunder.
Any grant of rights hereunder is made “AS- IS”, “WITH ALL FAULTS,” without warranty of any kind, except that Verdure warrants the Trademarks are comprised of original works which, to the best knowledge of Verdure, do not infringe upon, violate or misappropriate any published, known intellectual property right of any third party.