GRANT OF LICENSE TO RACOM Sample Clauses

GRANT OF LICENSE TO RACOM. Upon the terms and subject to the of this Agreement, Ramtron hereby grants to Racom, free of charge, a worldwide, non-exclusive, non-transferable, non-sublicensable (except as provided in this Section 2.1), royalty-bearing right and license (the "Technology License") to use Ferroelectric Technology, and all Improvements, for the limited right to design, develop and/or manufacture, sell and use Ferroelectric RF/ID Products. Racom may sublicense Ferroelectric Technology for the limited right to design, develop, manufacture and sell Ferroelectric RF/ID Products to no more than five (5) parties each of whom shall be appointed by Racom and approved in writing by Ramtron, with such approval not to be unreasonably withheld. In addition, Racom may sublicense Ferroelectric Technology for the limited right to design, develop, and sell Ferroelectric RF/ID Products to an unlimited number of parties each of whom shall be appointed by Racom and approved in writing by Ramtron, with such approval not to be unreasonably withheld. Ramtron agrees to coordinate its licensing activities with Racom until such time as Racom completes its sublicensing of its five full sublicensees. The parties specifically acknowledge that (i) the sublicense created by the "Cooperative Agreement For Licensed Manufacturing of Ferroelectric RFID Products" between Racom and Rohm Co., Ltd, dated June 21, 1995, and (ii) the ** ** , shall be deemed two (2) of the five (5) total full sublicensees under this Section 2.1. Racom shall, in its sole discretion, and as one of its five full sublicenses, take the lead in pursuing discussions with ** regarding licensing the Ferroelectric Technology for use in Ferroelectric RF/ID Products. Ramtron may pursue ** directly regarding licensing the Ferroelectric Technology for applications other than Ferroelectric RF/ID Products, provided that any such license must exclude use of the Ferroelectric Technology for Ferroelectric RF/ID Products, unless otherwise consented to in writing by Racom. Similarly, Racom shall have the right to designate other potential sublicensees, up to a maximum of its five full sublicensees (including Rohm and ** , as described above), with respect to which Racom shall take the lead in pursuing discussions regarding licensing the Ferroelectric Technology for use in Ferroelectric RF/ID Products. Ramtron may pursue such designated parties directly regarding licensing the Ferroelectric Technology for applications other than Ferroelectric RF/ID P...
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Related to GRANT OF LICENSE TO RACOM

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