How Well Do You Understand Legal Jargon?
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Questions and Answers

Under the Stock Purchase Agreement, which sections apply to this agreement?

  • Section 4.1 and 4.2
  • Section 10.5 and 10.14 (correct)
  • Section 3.1 and 3.2
  • Section 1.3 and 2.1

    • What is Arizona assigning to the Company?

  • Arizona Patent Grant
  • Arizona Assigned IP (correct)
  • Arizona Copyright Grant
  • Arizona Know-How Grant

    • What license does the Company grant to Seller in relation to the Company Licensed Copyrights?

  • Perpetual, exclusive, royalty-bearing license in the Company Field throughout the world
  • Perpetual, non-exclusive, royalty-free license in the Company Field throughout the world
  • Perpetual, non-exclusive, royalty-free license in the Arizona Field throughout the world (correct)
  • Perpetual, exclusive, royalty-bearing license in the Arizona Field throughout the world

    • Under the Trademark License Agreement, what obligations does the Company have to Arizona and its Affiliates?

    <p>Reporting Complaints, quality control and standards, and Licensor Competitors</p> Signup and view all the answers

    What is the scope of the license grant under this agreement?

    <p>The license grant does not include any Trademark that is confusingly similar to or derivative of a Seller Licensed Trademark</p> Signup and view all the answers

    What is the purpose of providing samples and/or written descriptions of uses made by the Company of the Seller Licensed Trademarks?

    <p>To comply with Arizona's reasonable request</p> Signup and view all the answers

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