IP Warranty

IP Warranty

Vendor represents and warrants that it is the owner of the Software and of each and every component thereof, or the recipient of a valid license thereto, and that it has and will maintain the full power and authority to grant the intellectual property rights to the Software set forth in this Agreement without the further consent of any third party.

Notes:
  • This clause updates the one in The Tech Contracts Handbook, Sub-chapter II.I.2 (in the 2nd edition). Use this clause instead of the one in the book.