Examples of IP Right in a sentence
The conditions for the transfer of the IP Right shall be separately agreed upon in writing between the Parties, in line with all necessary formal requirements, including, without limitation, signing in notarised form.
In the event of successful exploitation, the Party who took over the relevant IP Right shall reimburse the Party who transferred the relevant IP Right for the proportionate historic costs for the IP Right.
The holder of the IP Right shall transfer it to the interested Party or Parties based on its/their shares or have it re-registered in the latter’s/latters’ name at the latter’s/latters’ cost and shall hand over the required documents.
Each co-owner shall be individually entitled to make unrestricted use of the Joint IP Right and to grant non-exclusive rights of use to Third Parties.
Should a Party wish to register or maintain an IP Right connected with Foreground in a country for which the other Party does not intend to assume or to maintain any rights, any and all rights regarding the corresponding foreign IP Right shall pass on to the Party that is in favour of the registration or maintenance of the IP Right in the relevant country.