Terms and Conditions Governing License Clause Samples
The "Terms and Conditions Governing License" clause defines the specific rules and obligations that apply to the use of a licensed product, service, or intellectual property. It typically outlines what the licensee is permitted and prohibited from doing, such as restrictions on copying, modifying, or redistributing the licensed material, and may specify the duration, territory, and scope of the license. By clearly setting these boundaries, the clause ensures both parties understand their rights and responsibilities, thereby reducing the risk of disputes and protecting the licensor’s interests.
Terms and Conditions Governing License. (A) ValuJet hereby acknowledges AirTran's ownership of AirTran's Marks, Name and Designator Code, further acknowledges the validity of AirTran's Marks, and agrees that it shall not do anything in any way to infringe or abridge AirTran's rights in its Marks, Name and Designator Code or directly or indirectly to challenge the validity of AirTran's Marks, Name and Designator Code.
(B) Nothing in this Section is intended to nor shall be construed so as to relieve ValuJet of any liability or to impose any liability on AirTran for ValuJet's operations by virtue of any of AirTran's rights under this Agreement, whether exercised or not.
(C) Nothing in this Agreement is intended nor shall be construed to give ValuJet the exclusive right to use AirTran's Marks, Name and Designator Code, or to abridge AirTran's right to use or to license its Marks, Name and Designator Code. AirTran hereby reserves the right to continue use of AirTran's Marks, Name and Designator Code to license such other uses of such Marks, Name and Designator Code as AirTran may desire.
Terms and Conditions Governing License