Common use of Transfer of Patents Clause in Contracts

Transfer of Patents. If, during the Term, Philips or any of its Affiliates assigns or transfers any of the Philips TV/STB Patents or grants an exclusive or sole license to a third party under any of the Philips TV/STB Patents, Philips or the Affiliate concerned shall obtain from that third party an undertaking that it shall respect and maintain the license granted to Licensee and its Affiliates under this Agreement in accordance with its provisions.

Appears in 1 contract

Sources: Patent License Agreement

Transfer of Patents. If, during the Termterm, Philips or any of its Affiliates assigns or transfers any of the Philips TV/STB TV Patents or grants an exclusive or sole license to a third party under any of the Philips TV/STB TV Patents, Philips or the Affiliate concerned shall obtain from that third party an undertaking that it shall respect and maintain the license granted to Licensee and its Affiliates under this Agreement in accordance with its provisions.

Appears in 1 contract

Sources: Tv Patent Portfolio License Agreement

Transfer of Patents. If, during the Term, Philips or any of its Affiliates assigns or transfers any of the Philips TV/STB HDCP Series 2 Patents or grants an exclusive or sole license to a third party under any of the Philips TV/STB Patentsparty, Philips or the Affiliate concerned shall obtain from that third party an undertaking that it shall respect and maintain the license granted to Licensee and its Affiliates under this Agreement in accordance with its provisions.

Appears in 1 contract

Sources: HDCP Series 2 Patent License Agreement