Grant of License to Third Parties Clause Samples

The 'Grant of License to Third Parties' clause authorizes one party to extend certain rights or permissions under the agreement to external entities not originally part of the contract. Typically, this means the licensee can sublicense the intellectual property or other licensed materials to third parties, such as affiliates, contractors, or customers, under specified conditions. This clause is essential for enabling broader use or commercialization of the licensed rights, ensuring that the licensee can fully exploit the benefits of the agreement without breaching its terms.
Grant of License to Third Parties. 18.1 If, notwithstanding the fact that the Partner or the Partner Designated Third Party entered into an exclusive license agreement with the University relating to the Intellectual Property Rights as a result of the exercise of the option by the Partner pursuant to Article 14.3(B), such party fails to implement such Intellectual Property Rights without a legitimate reason after the expiration of the period commencing from and including the day immediately following the day when the Application is filed in any jurisdiction of the relevant Intellectual Property Rights set forth in Paragraph 14 of the Agreement Particulars (the “Implementation Target Period”), the University may, after hearing the request of the Partner or any Partner Designated Third Party, terminate the exclusive license agreement entered into with the Partner or any Partner Designated Third Party, and grant a license of such Intellectual Property Rights to any third party (other than the Partner or any Partner Designated Third Party) (the “University Designated Third Party”); provided, however, that a different period from the Implementation Target Period may be agreed to in the exclusive license agreement. 18.2 Even where the University has granted a license to the Partner or any Partner Designated Third Party as a result of the exercise of the option by the Partner pursuant to Article 14.3, if it is found that the grant of such license significantly damages the public interest, the University may discuss such situation with the Partner after giving written notice to the Partner. If the relevant situation does not change regardless of such discussion, the University may, terminate the license to the Partner or any Partner Designated Third Party, and grant a license of such Intellectual Property Rights to any University Designated Third Party.
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Grant of License to Third Parties. Joint Intellectual Property Rights for Joint Inventions (1) When Company elects Option 1 (Non-exclusive Practice) pursuant to Article 6.7 (Licensing Options for Joint Inventions), either Party may grant a license of Joint Intellectual Property Rights to any third party designated by the respective Party, provided that following three conditions are fulfilled: 1, The Party sends written notice to the other Party prior to entering a license agreement; 2, The license agreement is executed by the three parties (Company, TUAT and the third party) after discussions in good faith; and 3, The license agreement is executed under commercially reasonable conditions and royalty is divided by both Parties according to the share rate of Joint Inventions. (2) In the event that Company elects Option 2 (Exclusive Practice) pursuant to Article 6.7 but Company fails to implement Joint Intellectual Property Rights without any legitimate reason after two (2) years from the date of the Parties’ signing an exclusive license agreement pursuant to 6.8, TUAT may terminate such agreement and grant a license of such Intellectual Property Rights to any third party.
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Grant of License to Third Parties. TUAT Intellectual Property Rights for TUAT Inventions (1) When Company elects a non-exclusive license in regard with TUAT Inventions pursuant to Article 6.6 (1), TUAT may grant a license to a TUAT-designated third party. (2) In the event that Company elects an exclusive license pursuant to Article 6.6
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Related to Grant of License to Third Parties

  • Grant of License During the term of this Contract: a. Sourcewell grants to Supplier a royalty-free, worldwide, non-exclusive right and license to use the trademark(s) provided to Supplier by Sourcewell in advertising and promotional materials for the purpose of marketing Sourcewell’s relationship with Supplier. b. Supplier grants to Sourcewell a royalty-free, worldwide, non-exclusive right and license to use Supplier’s trademarks in advertising and promotional materials for the purpose of marketing Supplier’s relationship with Sourcewell.

  • Grant of Licenses 9.1. We grant to you a non-exclusive, non-transferable, revocable right to (i) access our site through HTML links solely in accordance with the terms of this Agreement and (ii) solely in connection with such links, to use our logos, trade names, trademarks, and similar identifying material (collectively, the "Licensed Materials") that we provide to you or authorize for such purpose. You are only entitled to use the Licensed Materials to the extent that you are a member in good standing of the Program. You agree that all uses of the Licensed Materials will be on behalf of Vantage ▇▇▇▇▇▇.▇▇▇ and the good will associated therewith will insure to the sole benefit of Vantage Circle. 9.2. Each party agrees not to use the other's proprietary materials in any manner that is disparaging, misleading, obscene or that otherwise portrays the party in a negative light. Each party reserves all of its respective rights in the proprietary materials covered by this license. Other than the license granted in this Agreement, each party retains all right, title, and interest to its respective rights and no right, title, or interest is transferred to the other.

  • Disclosure to Third Parties The Company shall have the right to disclose to third parties, in whatever manner the Company may determine, the fact that this Agreement has been executed, the names of the parties to this Agreement and the terms hereof.

  • Grant of License to Use Intellectual Property For the purpose of enabling the Collateral Agent to exercise rights and remedies under this Article at such time as the Collateral Agent shall be lawfully entitled to exercise such rights and remedies, each Grantor hereby grants to the Collateral Agent an irrevocable, non-exclusive license (exercisable without payment of royalty or other compensation to the Grantors) to use, license or sub-license any of the Collateral consisting of Intellectual Property now owned or hereafter acquired by such Grantor, and wherever the same may be located, and including in such license reasonable access to all media in which any of the licensed items may be recorded or stored and to all computer software and programs used for the compilation or printout thereof. The use of such license by the Collateral Agent shall be exercised, at the option of the Collateral Agent, upon the occurrence and during the continuation of an Event of Default; provided that any license, sub-license or other transaction entered into by the Collateral Agent in accordance herewith shall be binding upon the Grantors notwithstanding any subsequent cure of an Event of Default.

  • Sale to Third Party If the Company, after receiving the Sale Notice, fails to exercise its option as provided in Section 3.2, or if it declines to exercise the same, the Participant shall be entitled to transfer the Vested Shares to the third party on the terms contained in the Offer, and shall be entitled to have his Vested Shares transferred on the books of the Company, but only if the third party purchaser agrees to be bound by the terms of this Agreement applicable to Vested Shares. If the Participant fails to close the transfer of his Vested Shares within sixty (60) days after the option of the Company has expired or been waived, the restrictions contained in this Article III shall again apply and must be met prior to effecting any transfer of Vested Shares. Any transfer of Vested Shares by the Participant to any unaffiliated third party shall comply with all applicable securities laws, and the Company may refuse to transfer any Vested Shares unless it receives such assurance and opinions from legal counsel acceptable to the Company that any such transfer is in compliance with all applicable securities laws.