Payments to NYSERDA Definitions. Practical Application: To manufacture in the case of a composition or product, to practice in the case of a process or method, or to operate in the case of a machine or system, under conditions indicating that the benefits of the invention are available to the public on reasonable terms. Product: any product or service that includes or incorporates the technology, components, subject inventions, and/or intellectual property that was developed in part or in whole as a result of NYSERDA funding, regardless of the application, customer segment, business model, or sales model, and including any improvements, enhancements or modifications thereto. License/Franchise: A grant of authority by Contractor to another person to make, use, or sell the Product. Licensing Revenue: Gross revenue of any kind or character derived by Contractor from a Licensing or Franchising of the Product. Sale: A sale or lease of the Product by the Contractor or any parent, subsidiary, affiliate or assignee thereof. Sales Revenue: Gross revenue, excluding returns and allowances such as sales tax, freight, and insurance, if applicable, derived from Sales.
Appears in 2 contracts
Sources: Contract Agreement, Energy Efficiency and Clean Technology Training Agreement