IP Licensing · glossary
A promise limited to what the giver knew. In clause 11.2 Kelderwick IP promises that, as far as it knew at completion, using the IP as the Licence allows infringes nobody else's rights. A rival right it did not know of is no breach. Licence 11.2 · Chapter 9 · see As-is clause
Explained in Chapter 9, Money, Warranties and Liability, of IP Licensing.
This is a knowledge warranty: a promise limited to what the giver knew. Kelderwick IP breaks it only if, at completion, it knew of a rival right or of a claim. Suppose another company later shows that the logo copies an older mark it owns. If Kelderwick IP did not know, the warranty is not broken.Read Chapter 9, Money, Warranties and Liability →
Chapter 1 and this glossary are open to everyone; the whole edition is free to read with a free account until 31 January, and it stays open to an account opened by then.Chapter 1 of IP Licensing and this glossary are free to read; the rest of the edition is in the Library, at €12 a month or €79 for a Year Pass.
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This term is part of one complete fictional deal, with every document attached and a test after every chapter. Open IP Licensing → · All terms A–Z →