Distribution of Intellectual Property. The Buyer shall not market, distribute, white-label, license, or otherwise make available any intellectual property subject to this Section to or through any person or company without: i. The express prior written approval of the Company and ii. First entering into a written licensing agreement with such person or company on terms and conditions that Buyer has submitted to and have been approved by the Company and designate the Company as an intended third-party beneficiary of that agreement; provided, however, that nothing in this Section shall limit the Buyer from freely exercising its ownership rights to re-sell, rent, or collateralize the Equipment.
Appears in 2 contracts
Sources: Sale and Purchase Agreement (Lm Funding America, Inc.), Sale and Purchase Agreement (Lm Funding America, Inc.)