Common use of Intangible Personal Property Clause in Contracts

Intangible Personal Property. The Company validly holds and possesses all patents, trademarks, service marks, copyrights, trade or corporate names and licenses (collectively, "Intangible Rights") which are required and necessary for the Company to conduct its business as presently conducted. The Company is the sole and exclusive owner of and has the unrestricted right to use, each of the Intangible Rights. No claims or demands have been asserted against the Company with respect to any of the Intangible rights and no proceedings have been instituted, are pending or have been threatened which challenge the rights of any of the Companies with respect thereto.

Intangible Personal Property. The Company validly holds and possesses all patents, trademarks, service marks, copyrights, trade or corporate names and licenses (collectively, "Intangible RightsINTANGIBLE RIGHTS") which are required and necessary for the Company to conduct its business as presently conducted. The Company is the sole and exclusive owner of of, and has the unrestricted right Right to use, each of the Intangible Rights. No claims or demands have been asserted against the Company with respect to any of the Intangible rights Rights and no proceedings have been instituted, are pending or have been threatened which challenge the rights of any of the Companies Company with respect thereto.

Intangible Personal Property. The Company validly holds and possesses all patents, trademarks, service marks, copyrights, trade or corporate names and licenses (collectively, "Intangible RightsINTANGIBLE RIGHTS") which are required and necessary for the Company to conduct its business as presently conducted. The Company is the sole and exclusive owner of of, and has the unrestricted right to use, each of the Intangible Rights. No claims or demands have been asserted against the Company with respect to any of the Intangible rights Rights and no proceedings have been instituted, are pending or have been threatened which challenge the rights of any of the Companies Company with respect thereto.