Licensor’s Options Clause Samples

The "Licensor’s Options" clause defines the specific rights or choices available to the licensor under the agreement. This may include options such as extending the license term, modifying the scope of the license, or exercising certain rights if the licensee breaches the agreement. For example, the licensor might have the option to terminate the license early or to grant additional rights to other parties. The core function of this clause is to provide flexibility and control to the licensor, allowing them to respond to changing circumstances or protect their interests during the term of the agreement.
Licensor’s Options. If the Dolphin Software becomes, or in Licensor's opinion is likely to become, the subject of an infringement or misappropriation claim, Licensor may, at its option and expense, either (i) procure for Customer the right to continue using the Dolphin Software, (ii) replace or modify the Dolphin Software so that it becomes non-infringing, or (iii) terminate Customer's right to use the Dolphin Software and give Customer a refund or credit for the license fees actually paid by Customer to Licensor for the infringing components of the Dolphin Software less a reasonable allowance for the period of time Customer has used the Dolphin Software.
View SourceView Similar (2)
Licensor’s Options. During the Term of this Agreement, the Licensors shall be entitled to prosecute, at their own expense, any infringements of the Licensed Intellectual Property and the Patents, to defend the Licensed Intellectual Property and Patents and to recover any damages, awards or settlements resulting therefrom. The Licensee hereby agrees that the Licensors may join the Licensee as a party plaintiff in any such suit, without expense to the Licensee. The Licensors shall hold harmless and indemnify the Licensee from and against any order for costs arising without fault of the Licensee that may be made against the Licensee by reason of being named a party plaintiff in such proceedings. The Licensors shall have sole control of any such suit and all negotiations for its settlement or compromise, provided that the Licensors shall not settle or compromise any such suit or enter into any consent order for the settlement or compromise thereof that adversely affects the Licensed Intellectual Property or the Patents or any of the licenses or rights of the Licensee hereunder, without the prior written consent of the Licensee, which consent shall not be unreasonably withheld or delayed. The total cost of any infringement action commenced or defended solely by the Licensors shall be borne by the Licensors.
View Source
Licensor’s Options. If WIN-911 PRODUCT becomes, or in Licensor's opinion is likely to become, the subject of an infringement or misappropriation claim, Licensor may, at its option and expense, either (i) procure for Customer the right to continue using WIN-911 PRODUCT, (ii) replace or modify WIN-911 PRODUCT so that it becomes non-infringing, or (iii) terminate Customer's right to use WIN-911 PRODUCT and give Customer a refund or credit for the license fees actually paid by Customer to Licensor for the infringing components of WIN-911 PRODUCT, less a reasonable allowance for the period of time Customer has used WIN-911 PRODUCT.
View Source
Licensor’s Options. If any Licensor Software becomes or, in Licensor’s opinion, is likely to become the subject of any injunction preventing its use as contemplated herein, Licensor may, at its option, (i) procure for Client the right to continue using such Licensor Software, (ii) replace or modify such Licensor Software so that it becomes non-infringing without substantially compromising its functionality, or, if (i) and (ii) are not reasonably available to Licensor, then (iii) terminate Client’s license to the allegedly infringing Licensor Software and pay to Client an amount not to exceed the depreciated value of the infringing Licensor Software for which Client has paid a license fee, depreciated on a straight line basis over a three (3) year period. THIS SECTION SETS FORTH THE ENTIRE OBLIGATION OF LICENSOR AND CLIENT’S SOLE AND EXCLUSIVE REMEDY FOR INFRINGEMENT AND
View Source
Licensor’s Options. If any Bomgar Software becomes or, in Licensor’s opinion, is likely to become the subject of any injunction preventing its use as contemplated herein, Licensor may, at its option, (i) procure for Customer the right to continue using such Bomgar Software, (ii) replace or modify such Bomgar Software so that it becomes non- infringing without substantially compromising its functionality. THIS SECTION SETS FORTH THE ENTIRE OBLIGATION OF LICENSOR AND CUSTOMER’S SOLE AND EXCLUSIVE REMEDY FOR INFRINGEMENT AND MISAPPROPRIATION CLAIMS AND ACTIONS.
View Source
Licensor’s Options. If any Bomgar Software becomes or, in Licensor’s opinion, is likely to become the subject of any injunction preventing its use as contemplated herein, Licensor may, at its option, (i) procure for Customer the right to continue using such Bomgar Software, (ii) replace or modify such Bomgar Software so that it becomes non-infringing without substantially compromising its functionality, or, if (i) and (ii) are not reasonably available to Licensor, then (iii) terminate Customer’s license to the allegedly infringing Bomgar Software and repurchase the affected licenses less depreciation at the rate of thirty three percent and one third (33.33%) per year, or pro rata for part of the year, from the date of payment to the date of removal of the applicable Bomgar Software, and terminate the Agreement. If Licensor selects option (ii) or (iii), Customer shall immediately refrain from use of the allegedly infringing Bomgar Software. THIS SECTION SETS FORTH THE ENTIRE OBLIGATION OF LICENSOR AND CUSTOMER’S SOLE AND EXCLUSIVE REMEDY FOR INFRINGEMENT AND MISAPPROPRIATION CLAIMS AND ACTIONS.
View Source
Licensor’s Options. If the use of the Software or a component thereof by Licensee becomes, or in Licensor’s reasonable opinion is likely to become, the subject of infringement or misappropriation claims or actions then Licensor may, at its sole option and expense either: (i) procure for Licensee the right to continue using the Software; (ii) replace or modify the infringing Software or component thereof so that it becomes non-infringing; (iii) replace the Software or a component thereof with a non-infringing substitute; or (iv) terminate Licensee’s right to use the Software and give Licensee a pro-rated refund or credit for the License fee actually paid by Licensee to Licensor for the infringing Software item.
View Source
Licensor’s Options. If the Software becomes, or in Licensor's opinion is likely to become, the subject of an infringement or misappropriation claim, Licensor may, at its option and expense, either (a) procure for Licensee the right to continue using the Software; (b) replace or modify the Software so that it becomes non-infringing; or (c) terminate Licensee's right to use the Software and give Licensee a refund or credit for the license fees actually paid by Licensee or Licensor for the infringing components of the Software less a reasonable allowance for the period of time Licensee has used the Software.
View Source

Related to Licensor’s Options

  • Access Options You may withdraw or transfer funds from your account(s) in any manner we permit (e.g., at an automated teller machine, in person, by mail, Internet access, automatic transfer, or telephone, as applicable). We may return as unpaid any check or draft drawn on a form we do not provide, and you are responsible for any loss we incur handling such a check or draft. We have the right to review and approve any form of power of attorney and may restrict account withdrawals or transfers. We may refuse to honor a power of attorney if our refusal is conducted in accordance with applicable state law.

  • Options (1) Upon receipt of Instructions relating to the purchase of an option or sale of a covered call option, the Custodian shall: (a) receive and retain confirmations or other documents, if any, evidencing the purchase or writing of the option by a Fund; (b) if the transaction involves the sale of a covered call option, deposit and maintain in a segregated account the Securities (either physically or by book-entry in a Securities System) subject to the covered call option written on behalf of such Fund; and (c) pay, release and/or transfer such Securities, cash or other Assets in accordance with any notices or other communications evidencing the expiration, termination or exercise of such options which are furnished to the Custodian by the Options Clearing Corporation (the "OCC"), the securities or options exchanges on which such options were traded, or such other organization as may be responsible for handling such option transactions. (2) Upon receipt of Instructions relating to the sale of a naked option (including stock index and commodity options), the Custodian, the appropriate Fund and the broker-dealer shall enter into an agreement to comply with the rules of the OCC or of any registered national securities exchange or similar organizations(s). Pursuant to that agreement and such Fund's Instructions, the Custodian shall: (a) receive and retain confirmations or other documents, if any, evidencing the writing of the option; (b) deposit and maintain in a segregated account, Securities (either physically or by book-entry in a Securities System), cash and/or other Assets; and (c) pay, release and/or transfer such Securities, cash or other Assets in accordance with any such agreement and with any notices or other communications evidencing the expiration, termination or exercise of such option which are furnished to the Custodian by the OCC, the securities or options exchanges on which such options were traded, or such other organization as may be responsible for handling such option transactions. The appropriate Fund and the broker-dealer shall be responsible for determining the quality and quantity of assets held in any segregated account established in compliance with applicable margin maintenance requirements and the performance of other terms of any option contract.