Ownership of Intellectual Property; License Sample Clauses

The "Ownership of Intellectual Property; License" clause defines who holds the rights to intellectual property (IP) created or used under an agreement and outlines any licenses granted for its use. Typically, this clause specifies whether IP developed during the relationship belongs to one party or is jointly owned, and it may grant the other party a limited or perpetual license to use certain IP for specific purposes, such as fulfilling contractual obligations. Its core function is to prevent disputes by clearly allocating IP ownership and usage rights, ensuring both parties understand their rights to use, modify, or commercialize the relevant intellectual property.
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Ownership of Intellectual Property; License. 2.10.1 Any intellectual property owned by a Party or its Affiliates and used after the Effective Date in connection with the provision or receipt of the Scheduled Services, as applicable, shall remain the property of such Party or its Affiliates. Other than the license granted to a Party and its Affiliates pursuant to Section 2.10.2, neither Party nor its Affiliates shall have any right, title or interest in the intellectual property owned by the other Party or its Affiliates. 2.10.2 Each Party grants, and shall cause its Affiliates to grant, to the other Party and its Affiliates a limited, royalty-free, non-exclusive, non-transferable license, solely during the Term, to use the intellectual property owned by such Party or its Affiliates solely to the extent necessary for the other Party and its Affiliates to provide or receive the Scheduled Services, as applicable.
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Ownership of Intellectual Property; License. In the event of any improvements to, or derivatives of, the Generex Technologies are achieved pursuant to or under the auspices of the License, any and all such improvements or derivates will be the sole and exclusive property of Generex and will be included as Generex Technologies under the License (for no additional consideration).
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Ownership of Intellectual Property; License. Any Intellectual Property owned by a party or its Affiliates and used after the date hereof in connection with the provision or receipt of the Transition Services, as applicable, shall remain the property of such party or its Affiliates. Each party grants, and shall cause its Affiliates to grant, to the other party and its Affiliates a royalty-free, non-exclusive, non-transferable, worldwide license, during the term of this Agreement, to use the Intellectual Property owned by such party or its Affiliates only to the extent necessary for the other party and its Affiliates to provide or receive the Transition Services, as applicable. Other than the license granted to a party and its Affiliates pursuant to the preceding sentence, the Master Agreement or any Ancillary Agreement, neither party nor its Affiliates shall have any right, title or interest in the Intellectual Property owned by the other party or its Affiliates.
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Ownership of Intellectual Property; License. Section 13.1. As between the parties, all designs, inventions (whether or not patented), technical data, drawings and/or confidential information related to the Work, including without limitation the OrbView Satellites, Launch Vehicle, the Command and Control Center Segment and the Data Processing Segment are the exclusive property of Orbital and its subcontractors, except with respect to work performed under the HSI Contract, including but not limited to the hyperspectral sensor, mission data center and mobile ground station, which rights are governed by Article
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Ownership of Intellectual Property; License. Title to and ownership of all of the technology, trade secrets, trademarks, know-how, and information regarding the Products, and the manufacture of the Products, supplied by Buyer to Manufacturer hereunder shall remain in Buyer. Buyer hereby grants Manufacturer a limited, non-transferable, non-exclusive, revocable license to use Buyer's software, technology, trade secrets, know-how, and other proprietary information ("Buyer's Proprietary Information") for the purposes of this Agreement, free of any claim or allegation by Buyer of misappropriation of Buyer's Proprietary Information or infringement by Manufacturer of any Buyer intellectual property rights covering Buyer's Proprietary Information; provided, however, that Manufacturer's rights and freedom of use in connection with the manufacture of Products for Buyer hereunder shall endure only for the term of this Agreement. After the termination or expiration of this Agreement, (i) such license shall expire and Manufacturer shall have no further rights to use Buyer's Proprietary Information, and (ii) Manufacturer shall return to Buyer all written documents and other materials relating to Buyer's Proprietary Information. Notwithstanding the foregoing, title to and ownership of any software, technology, trade secrets, know-how, and information of Manufacturer ("Manufacturer's Proprietary Information") used by Manufacturer hereunder shall remain the property of Manufacturer.
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Ownership of Intellectual Property; License. Any Intellectual Property owned by a party, its Affiliates or third party vendors used in connection with the provision or receipt of the Transition Services, as applicable, shall remain the property of such party, its Affiliates, or third party vendors. Each party grants, and shall cause its Affiliates to grant, to the other party and its Affiliates a royalty-free, non-exclusive, non-transferable, fully paid-up license in the jurisdictions where Transition Services are provided or received, as applicable, during the term of this Agreement, to use the Intellectual Property owned by such party or its Affiliates only to the extent necessary for the other party and its Affiliates to provide or receive the Transition Services, as applicable. Other than the license granted to a party and its Affiliates pursuant to the preceding sentence, the Assumption Reinsurance Agreement, and any other agreement executed in connection to the Assumption Reinsurance Agreement, neither party nor its Affiliates shall have any right, title or interest in the Intellectual Property owned by the other party or its Affiliates.
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Ownership of Intellectual Property; License. (a) Any Intellectual Property owned by a Party or its Affiliates and used after the Closing Date in connection with the provision or receipt of the Transition Services, as applicable, shall remain the property of such Party or its Affiliates. Other than the license granted to a Party and its Affiliates pursuant to Section 2.08(b), neither Party nor its Affiliates shall have any right, title or interest in the Intellectual Property owned by the other Party or its Affiliates. (b) No license or other right, express, implied or otherwise, is granted under this Agreement, except solely to the extent use of any Intellectual Property of the Provider, the Recipient, or their respective Affiliates is required for the provision or receipt of the Transition Services (as the case may be) in accordance with this Agreement, and each of the Provider and the Recipient, for itself and on behalf of its respective Affiliates, hereby grants to the other (and the respective Affiliates thereof) a limited, royalty-free, non-exclusive, non-transferable license, solely during the term of this Agreement, to use such Intellectual Property solely to the extent and for the duration necessary to provide or receive the Transition Services (as the case may be) in accordance with this Agreement.
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Ownership of Intellectual Property; License. Any Intellectual Property Rights of a Party, its Subsidiaries or third-party vendors used in connection with the provision or receipt of the Transition Services, as applicable, shall remain the property of such Party, its Subsidiaries, or third-party vendors. Each Party grants, and shall cause its Subsidiaries to grant, to the other Party and its Subsidiaries, a royalty-free, non-exclusive, non-transferable, worldwide license, during the Term, to use the Intellectual Property Rights of such Party or its Subsidiaries only to the extent necessary for the other Party and its Subsidiaries to provide or receive the Transition Services, as applicable. Other than the license granted to a Party and its Subsidiaries pursuant to the preceding sentence, the Stock Subscription Agreement or the Operating Agreement, neither Party nor its Subsidiaries shall have any right, title or interest in the Intellectual Property Rights of the other Party or its Subsidiaries.
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Ownership of Intellectual Property; License 
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Related to Ownership of Intellectual Property; License

  • Ownership of Intellectual Property Any intellectual property which originates from or is developed by a Party shall remain the exclusive property of that Party. Except for a limited license to use patents or copyrights to the extent necessary for the Parties to use any facilities or equipment (including software) or to receive any service solely as provided under this Agreement, no license in patent, copyright, trademark or trade secret, or other proprietary or intellectual property right now or hereafter owned, controlled or licensable by a Party, is granted to the other Party or shall be implied or arise by estoppel. It is the responsibility of each Party to ensure at no additional cost to the other Party that it has obtained any necessary licenses in relation to intellectual property of third Parties used in its network that may be required to enable the other Party to use any facilities or equipment (including software), to receive any service, or to perform its respective obligations under this Agreement.

  • Ownership of Intellectual Property Rights 1. 3. 1. Your only right to use the Software is by virtue of this License and you acknowledge that all intellectual property rights in or relating to the Software and all parts of the Software are and shall remain the exclusive property of Traction Software Limited or its licensors. 2. 3. 2. You further acknowledge that all intellectual property rights in or relating to any improvement, modification or adaptation of the Software arising directly or indirectly from you using the Software are and shall remain the exclusive property of Traction Software Limited. 3. 3. 3. You agree that you will not remove or alter any copyright notices or similar proprietary devices, including without limitation any electronic watermarks or other identifiers, that may be incorporated in the Software or any copy of the Software.

  • Grant of Intellectual Property License For the purpose of enabling the Collateral Agent (at the direction of the Required Purchasers) to exercise the rights and remedies under this Section 9 after the occurrence and during the continuance of an Event of Default as the Collateral Agent shall be lawfully entitled to exercise such rights and remedies (including in order to take possession of, collect, receive, assemble, process, appropriate, remove, realize upon, sell, assign, convey, transfer or grant options to purchase any Collateral), Issuer hereby (a) grants to the Collateral Agent, for the ratable benefit of the other Secured Parties, an irrevocable, nonexclusive worldwide license (exercisable without payment of royalty or other compensation to Issuer (or applicable grantor)) (“Collateral Agent License”), including in such license the right to use, license, sublicense or practice any Intellectual Property now owned or hereafter acquired by Issuer (or any applicable grantor), and wherever the same may be located, and including in such license access to all media in which any of the licensed items may be recorded or stored and to all Software and programs used for the compilation or printout thereof, provided that with respect to any licenses held by Issuer, such Collateral Agent License shall only be granted to the extent such assignment or grant is permitted under the terms of such license and if such assignment or grant is not permitted under the term of such license Issuer will or will cause the applicable guarantor to cooperate with Collateral Agent and the other Secured Parties to receive the benefits of such Collateral Agent License to the maximum extent possible and (b) irrevocably agrees that the Collateral Agent may sell any of such Issuer’s Inventory directly to any person, including without limitation persons who have previously purchased Issuer’s Inventory from Issuer and in connection with any such sale or other enforcement of the Collateral Agent’s rights under this Agreement, may sell Inventory which bears any Trademark owned by or licensed to Issuer and any Inventory that is covered by any Copyright owned by or licensed to Issuer and the Collateral Agent may (but shall have no obligation to) finish any work in process and affix any Trademark owned by or licensed to Issuer (or any applicable grantor) and sell such Inventory as provided herein.

  • Intellectual Property License 20.1 Any Intellectual Property originating from or developed by a Party shall remain in the exclusive ownership of that Party. 20.2 Except at otherwise expressly provided in this Agreement, no license under patents, copyrights or any other Intellectual Property right (other than the limited license to use consistent with the terms, conditions and restrictions of this Agreement) is granted by either Party or shall be implied or arise by estoppel with respect to any transactions contemplated under this Agreement.

  • Intellectual Property; Licenses, Etc The Borrower and its Subsidiaries own, or possess the right to use, all of the trademarks, service marks, trade names, copyrights, patents, patent rights, franchises, licenses and other intellectual property rights (collectively, “IP Rights”) that are reasonably necessary for the operation of their respective businesses, without conflict with the rights of any other Person. To the best knowledge of the Borrower, no slogan or other advertising device, product, process, method, substance, part or other material now employed, or now contemplated to be employed, by the Borrower or any Subsidiary infringes upon any rights held by any other Person. No claim or litigation regarding any of the foregoing is pending or, to the best knowledge of the Borrower, threatened, which, either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect.