University Improvements definition
Examples of University Improvements in a sentence
The Licensee acknowledges that it has been advised by the University to undertake its own due diligence with respect to the Technology and any University Improvements.
The University shall not be liable for any loss, whether direct, consequential, incidental or special, which the Licensee suffers arising from any defect, error, fault or failure to perform with respect to the Technology or any University Improvements or Products, even if the University has been advised of the possibility of such defect, error, fault or failure.
Upon any such termination of this Agreement, the Licensee shall forthwith deliver up to the University all Technology and any University Improvements in its possession or control and shall have no further right of any nature whatsoever in the Technology or any University Improvements.
The Licensee will continue to make royalty payments to the University in the same manner specified in Articles 5 and 6 on all unsold Products containing all or some of the Technology and/or University Improvements that are sold in accordance with this Article 18.7, notwithstanding anything contained in or any exercise of rights by the University under Article 18.6 herein.
The accounting will specify, in or on such terms as the University may in its sole discretion require, the inventory or stock of Products containing all or some of the Technology and/or University Improvements manufactured and remaining unsold on the Effective Date of Termination.
In no event will Columbia or UC or their respective trustees, officers, directors, agents, or employees, be liable to Schrödinger, any Affiliate, licensee or sublicense of Schrödinger, or any other party, for any loss or damages, consequential or otherwise, including, but not limited to, time, money or good will, arising from this Agreement or from the use or operation of the PLOP Code or University Improvements.
On the failure ofthe Licensee to so deliver up the Technology and any University Improvements, the University may immediately and without notice enter the Licensee’s premises and take possession of the Technology and any University Improvements.
Columbia and UC disclaim any responsibility for the accuracy or correctness of the PLOP Code, University Improvements or Unassigned Improvements or for their use or application by Schrödinger or by any Affiliate, licensee or sub-licensee of Schrödinger.
All invention disclosures relating to University Improvements are and shall remain University’s Confidential Information.
The parties acknowledge and agree that the University shall retain ownership of the Patent Rights and Materials and shall own all University Improvements made both before and after the Commencement Date.