Examples of Seller Brands in a sentence
Purchasers acknowledge that the Seller Brand License is being granted solely for transitional purposes and that Purchasers shall use Commercially Reasonable Efforts to cease its use of the Seller Brands as quickly as is reasonably possible after the Closing Date.
Purchaser shall be permitted, for a period commencing on the Closing Date and ending no later than the date of the latest expiration date for any individual unit of finished Products included in the Product Inventory (the “ Trademark Period”) to use the Seller Brands used in connection with the sale and distribution of the Product in the Territory, solely to the extent set forth on packaging materials and labels for Product included in the Product Inventory.
The Buyer will not, directly or indirectly, challenge the Seller’s sole and exclusive ownership of all right, title and interest in and to the Seller Brands, or the validity or distinctiveness thereof, including the goodwill associated therewith, and acknowledges that all goodwill arising from use of the Seller Brands will inure solely to the benefit of the Seller.
The Buyer will not use the Seller Brands other than as permitted hereunder and will not incorporate the Seller Brands into the Buyer’s corporate or business name in any manner whatsoever.
All other uses by the Buyer of the Seller Brands not contemplated by S ection 4.7(b) hereto will be subject to Seller’s prior written consent, which consent may be withheld in the Seller’s sole discretion.