New Third Party Technology Clause Samples

The "New Third Party Technology" clause defines how technology, software, or tools developed or provided by external parties after the agreement's effective date are handled within the contractual relationship. Typically, this clause outlines the conditions under which such third-party technology may be introduced, used, or integrated into the project, and may specify requirements for notification, approval, or licensing. Its core function is to clarify ownership, usage rights, and responsibilities regarding new external technologies, thereby preventing disputes and ensuring both parties understand how such technology can be incorporated during the contract term.
New Third Party Technology. Following the Effective Date, if either party believes that technology related to the Field that is owned or controlled by Third Parties would be necessary or useful for the Research or to achieve the purpose of this Agreement, Geron and P&U will consult regarding licensing or acquiring such technology. The determination of whether such licenses and/or acquisitions shall be sought, the party that shall approach and * Certain portions of this Exhibit have been omitted for which confidential treatment has been requested and filed separately with the Securities and Exchange Commission. negotiate with such Third Parties, and the terms of any agreements with such Third Parties, including, without limitation, payments for sponsored research, shall be made by the JRC. Subject to the Three-Way Agreement, the cost of obtaining any licenses so approved by the JRC and the payment of any fees or royalty obligations thereunder shall be borne by [*]. If the JRC does not approve the license or acquisition of such technology, either party shall be permitted to acquire or obtain a license to any such Third Party technology at its own cost and without the other party's permission. Both parties shall be obligated to inform the other of such licensing or acquisition opportunities. Neither party shall be obligated to grant any sublicense to such Third Party technology to the other party after the Effective Date unless the other party agrees to pay an agreed upon portion of such costs and royalties. Exhibit 1.6 illustrates the parties' intent concerning the meaning of certain provisions of Sections 4.5 and 4.6.
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New Third Party Technology. (a) If, SKK or Crinetics becomes aware of any Patent owned by a Third Party that Covers a Compound or Licensed Product in the Field in the Territory or any other Patent owned by a Third Party that would be infringed by Exploiting the Licensed Product in the Field in the Territory, it shall notify the other Party in writing of such Patent. [***]. (b) If, after the Effective Date, Crinetics acquires from a Third Party any subject matter within the Licensed IP (“New Technology”) that is subject to royalty, milestone or other payment obligations to such Third Party, then Crinetics shall so notify SKK and the following shall apply: (i) [***]. (ii) [***].
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New Third Party Technology. Following the Effective Date, if either Party believes that technology related to Products that is Controlled by a Third Party would be valuable or necessary to achieve the purpose of this Agreement, then that Party will inform the other Party of the nature of the technology and its relevance to Products. BMG shall determine whether a license or acquisition of such technology for use in the Field shall be sought, and BMG shall have the first right to approach and negotiate with such Third Parties regarding the terms of any such license or acquisition, including, without limitation, payments for sponsored research, provided, however, that any terms which affect Geron in any manner are subject to Geron's prior written approval. In no event does BMG have any authority, express or implied, to bind Geron in any manner with respect to any Third Party. The cost of obtaining any licenses and the payment of any fees or royalty obligations thereunder shall be borne by BMG, provided, however, that Geron shall not be sublicensed to use such technology by action of this Agreement unless such sublicense does not increase the cost of such license to BMG. BMG shall be permitted to acquire or obtain a license to any such Third Party technology at its own cost and
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New Third Party Technology 
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Related to New Third Party Technology

  • Third Party Technology The Company makes use of third party technology to collect information required for traffic measurement, research, and analytics. Use of third party technology entails data collection. We therefore would like to inform clients the Company enables third parties to place or read cookies located on the browsers of users entering the Company’s domain. Said third parties may also use web beacons to collect information through advertising located on the Company’s web site. Please note that you may change your browser settings to refuse or disable Local Shared Objects and similar technologies; however, by doing so you may be disabling some of the functionality of Company’s services.

  • Licensed Technology (a) LICENSOR is not aware of any interference, infringement, misappropriation, or other conflict with any intellectual property rights of third parties, and LICENSOR has never received any charge, complaint, claim, demand, or notice alleging any such interference, infringement, misappropriation, or violation (including any claim that LICENSOR must license or refrain from using any intellectual property rights of any third party). To the knowledge of LICENSOR, no third party has interfered with, infringed upon, misappropriated, or otherwise come into conflict with any of the LICENSED TECHNOLOGY. (b) Exhibit A identifies each patent or registration which has been issued to LICENSOR with respect to any of the LICENSED TECHNOLOGY and identifies each pending patent application or application for registration which LICENSOR has made with respect to any of the LICENSED TECHNOLOGY. LICENSEE acknowledges that LICENSOR has previously made available to LICENSEE correct and complete copies of all such patents, registrations and applications (as amended to-date) in LICENSOR’s possession and has made available to LICENSEE correct and complete copies of all other written documentation in LICENSOR’s possession evidencing ownership and prosecution (if applicable) of each such item. (c) Exhibit A identifies each item of LICENSED TECHNOLOGY that is assigned to LICENSOR or that LICENSOR uses pursuant to license, sublicense, agreement, or permission. LICENSOR has made available to LICENSEE correct and complete copies of all such licenses, sublicenses, agreements, patent prosecution files and permissions (as amended to-date) in LICENSOR’s possession. With respect to each item of LICENSED TECHNOLOGY required to be identified in Exhibit A and to the knowledge of LICENSOR: (i) the license, sublicense, agreement, or permission covering the item is legal, valid, binding, enforceable, and in full force and effect; (ii) the license, sublicense, agreement, or permission will continue to be legal, valid, binding, enforceable, and in full force and effect on identical terms following the consummation of the transactions contemplated hereby; (iii) no Party to the license, sublicense, agreement, or permission is in breach or default, and no event has occurred which with notice or lapse of time would constitute a breach or default or permit termination, modification, or acceleration thereunder; (iv) no party to the license, sublicense, agreement, or permission has repudiated any provision thereof; (v) the underlying item of LICENSED TECHNOLOGY is not subject to any outstanding lien or encumbrance, injunction, judgment, order, decree, ruling, or charge; (vi) no action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand is pending or is threatened which challenges the legality, validity, or enforceability of the underlying item of LICENSED TECHNOLOGY; and (vii) except as provided in Exhibit A, LICENSOR has not granted any license or similar right to the LICENSED TECHNOLOGY within the GENERAL FIELD or PARTHENOGENESIS FIELD.

  • New Technology When new or updated technology is introduced into a workplace, it will be the responsibility of the employer to provide appropriate and, if necessary, ongoing training to the employees directly affected. Such training will include any health and safety implications or information that will enable employees to operate the equipment without discomfort and will help maintain their general well-being.

  • Background Technology List here prior contracts to assign Inventions that are now in existence between any other person or entity and you.

  • Third Party Patent Rights No Party makes any warranty with respect to the validity, perfection or dominance of any Patent or other proprietary right or with respect to the absence of rights in Third Parties which may be infringed by the manufacture or sale of the Licensed Product. Each Party agrees to bring to the attention of the other Party any patent or patent application it discovers, or has discovered, and which relates to the subject matter of this Agreement.