License Back. Effective upon the Effective Date, Buyer grants to Seller, limited to the Seller’s Field of Use, a fully paid-up, royalty-free, non-transferable (except to any Acquirer), non-assignable and non-sub-licensable (except to Legal Gaming Venues) world-wide and non-exclusive license to develop, make, have made, use, sell, distribute, offer for sale, lease, import, export or otherwise dispose of Systems that practice any Purchased Table Game Intellectual Property (the “License Back”). The License Back shall continue through and until the expiration of all of the Purchased Table Games Intellectual Property.
Appears in 2 contracts
Sources: Purchase Agreement (Progressive Gaming International Corp), Purchase Agreement (Shuffle Master Inc)