TRADEMARK ASSIGNMENT AGREEMENTIP Intellectual Property License Assignment Agreement |
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Search IP Intellectual Property License Assignment Agreement by:
TRADEMARK ASSIGNMENT AGREEMENT
WHEREAS, CorCell,
Inc., a Delaware corporation, having a place of business at 1717 Arch Street,
Suite 1410, Philadelphia, PA 19103, (hereinafter “CorCell”), has
adopted and used the trademarks and service marks listed in Schedule
“A” attached hereto (hereinafter the “Marks”);
WHEREAS, certain of
the Marks are registered in the United States Patent and Trademark Office;
WHEREAS, CorCell is
owner of the United States Trademark and Service Mark Registrations set forth
in Schedule “A” hereto (hereinafter
“Registrations”); and
WHEREAS, Cord Blood
America, Inc., a Florida corporation, having a place of business at 9000 Sunset
Boulevard, Suite 400, Los Angeles, CA 90069 (hereinafter
“CBA”), is desirous of acquiring said Marks and Registrations,
together with the goodwill of the business associated therewith.
NOW, THEREFORE, for
good valuable consideration, the full receipt and sufficiency all of which are
hereby acknowledged, and intending to be legally bound hereby:
1.
CorCell hereby assigns, transfers and conveys to CBA,
CorCell’s entire right, title and interest in and to said Marks and
Registrations, together with the goodwill of CorCell’s business
associated therewith;
2.
CorCell hereby assigns to CBA all causes of action, claims
and rights to damages or profits, due or accrued, arising out of past
infringement of the Marks and Registrations, or
i
injury to the goodwill associated with the Marks and
Registrations, as well as the rights to sue for and recover the Marks and
Registrations in CBA’s own name; and
3.
CorCell represents and warrants that it will reasonably
cooperate (i) in any actions necessary for CBA to prosecute, renew or register
its rights, title and interests in and to the Marks and Registrations, including
United States and foreign registrations, at CBA’s expense (except to the
extent that CorCell is required to indemnify CBA for any of the above actions
pursuant to the Asset Purchase Agreement dated October __, 2006, to which
CorCell and CBA are parties (the “Purchase Agreement”)),
and (ii) in any actions brought to enforce the rights accompanying this
Assignment against third parties, at CBA’s expense (except to the extent
that CorCell is required to indemnify CBA for any of the above actions pursuant
to the Purchase Agreement).
4.
Upon information and belief, the Registrations listed on
Schedule “A” hereto will expire on the dates listed under the
heading entitled “Expiration Date.”
5.
Upon information and belief, CorCell has not discontinued
the use, with an intention not to resume use, of the Marks listed in Schedule
“A” hereto.
IN WITNESS WHEREOF,
CorCell has caused this Trademark Assignment Agreement to be executed by its
duly authorized representative on the date last set forth below.
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CORCELL, INC., a Delaware corporation |
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By: |
/s/ Marcia A. Laleman |
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Name: |
Marcia A. Laleman |
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