MASTER ASSET PURCHASE AGREEMENT BY ... - Canadian Stocks
MASTER ASSET PURCHASE AGREEMENT BY ... - Canadian Stocks
MASTER ASSET PURCHASE AGREEMENT BY ... - Canadian Stocks
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ARTICLE XIII<br />
INTELLECTUAL PROPERTY<br />
13.01 Improvements to Intellectual Property of Buyer. Improvements to the Intellectual<br />
Property of Buyer created by employees or agents of Buyer as a result of the Services shall be<br />
owned by Buyer.<br />
13.02 Improvements to Intellectual Property of Seller. Improvements to the Intellectual<br />
Property of Seller created by employees or agents of Seller, employees or agents of Buyer, or<br />
jointly by employees or agents of Seller and employees or agents of Buyer, as a result of the<br />
Services, shall be owned by Seller.<br />
13.03 Assignment. Each Party hereby assigns to the other Party its full right, title and<br />
interest in relevant improvements that are necessary to give ownership to the other Party as<br />
contemplated in Sections 6.01 and 6.02 above. Each Party further agrees to execute such<br />
documents as the other Party may reasonably request from time to time to evidence and record<br />
the ownership interest in such other Party (without charge, but at the other Party’s expense).<br />
13.04 No Obligation to File. Neither Seller nor Buyer shall have any obligation to file<br />
any patent application, prosecute any patent application or maintain any patent in force, nor<br />
register any copyright.<br />
ARTICLE XIV<br />
MISCELLANEOUS<br />
14.01 No Third-Party Beneficiaries. Nothing in this Agreement is intended or shall be<br />
construed to entitle any Person, other than the Parties and their respective successors and<br />
permitted transferees and assigns, to any claim, cause of action, remedy or right of any kind.<br />
14.02 Entire Agreement. This Agreement (including the Schedules) constitutes the<br />
entire agreement between the Parties as to the subject matter hereof, and supersedes all prior and<br />
contemporaneous agreements, understandings, negotiations and discussions, whether oral or<br />
written, by or on behalf of the Parties.<br />
14.03 Succession and Assignment. Except as otherwise expressly provided in this<br />
Agreement, no Party may assign any of its rights or delegate any of its obligations under this<br />
Agreement without the prior written consent of the other Party. Any attempted assignment or<br />
delegation without the required consent shall be null and void ab initio. Subject to the foregoing,<br />
this Agreement shall be binding upon and inure to the benefit of the Parties, their legal<br />
representatives and their successors and assigns.<br />
14.04 Counterparts; Facsimile Signatures. This Agreement may be executed in any<br />
number of counterparts, each of which shall be deemed an original, but all of which together<br />
shall constitute one and the same instrument. Delivery of an executed counterpart of a signature<br />
page to this Agreement by facsimile or electronic mail will be effective as delivery of a manually<br />
executed counterpart of this Agreement.<br />
C2-11<br />
Exhibit C-2<br />
Form of Initial Closing TSA - Seller