Examples of Licensed Patents in a sentence
Xxxxx, Xx. Name: Title: Chief Executive Officer Title: SCHEDULE A Licensed Patents Fam No. Patent No. Publication No. Application No. Status Patent Title Exhibit A-2 Form of Sublicense Agreement Patent Sublicense Agreement This Patent Sublicense Agreement (“Agreement”) is made as of , 2024 (the “Effective Date”) by and between IP3 2024, Series 924 of Allied Security Trust I, a Delaware statutory trust (“Sublicensor”), and , a corporation (“Sublicensee”).
This Agreement may not be assigned by either party (whether by operation of law or otherwise) without the express written consent of the other party; provided, however, that (a) Licensor shall assign this Agreement in connection with the sale of the Licensed Patents, and (b) IP3 shall have the right to assign this Agreement to AST.
If at any point during the Term, IP3 dissolves or otherwise ceases to exist as an ongoing operation, then the Sublicense Agreements shall be automatically assigned to Licensor or the then-current owner of the Licensed Patents and Licensor or the then-current owner of the Licensed Patents shall be bound by the terms and conditions of any such Sublicense Agreement as if it, itself, had signed such agreement in place of IP3.
The term of this Agreement shall commence on the Effective Date and shall continue in full force and effect until the last to expire of the Licensed Patents.
During the Sublicensing Term, Licensor hereby grants to IP3 under the Licensed Patents the right and authorization to enter into Sublicense Agreements with Members or their Affiliates (as defined in the Sublicense Agreement).