ASSIGNMENT AND LICENSING Clause Samples
The Assignment and Licensing clause governs how rights and obligations under the agreement can be transferred or shared with third parties. Typically, it specifies whether a party may assign its interests or license its rights, such as intellectual property, to others, and may require prior written consent from the other party before such actions are taken. This clause ensures that control over key contractual rights is maintained and prevents unauthorized transfers, thereby protecting the interests of the original parties and maintaining the intended structure of the agreement.
ASSIGNMENT AND LICENSING. The County shall not assign this Lease without the prior written consent of the Board, provided that such consent will not be unreasonably withheld, conditioned or delayed. Following the Montgomery County Health and Human Services Re-Bid process and the election of a County Licensee, the County agrees to provide a copy of any proposed license agreement to the MCPS DFM director for approval prior to presentation to a County Licensee. MCPS DFM shall approve or reject the license agreement within 10 days of receipt, in its sole, but reasonable, discretion, and the failure to do so within such 10- day period shall be deemed an approval of the license agreement by MCPS DFM. The above notwithstanding, the Board hereby approves the licensing of the Leased Premises to Bright Eyes, Inc., as the County Licensee hereunder, the licensed childcare provider selected by the County for the sole purpose of operating a childcare program in the Leased Premises.
ASSIGNMENT AND LICENSING a. ET3 shall not have the right to assign or otherwise transfer this Agreement and the rights herein, including rights acquired by ET3 herein, to receive payments, to any third party, without the prior written consent of LICENSEE which consent shall not be unreasonably withheld. Such assignment or transfer shall not be deemed effective unless such assignee or transferee has agreed in writing to be bound by the terms and provisions of this Agreement.
b. Any improvement that LICENSEE shall make to ETT technologies before, during or after the term of this Agreement shall be licensed to ET3 for $1, plus any previously agreed upon participation percentage value disclosed herein. This shall include without limitation, patent applications, patents, computer software, copyrights, know-how or licenses acquired, that relate to ETT participation. The license shall be exclusive with respect to ETT usage of the IP; the licensee shall retain all rights to any non-ETT uses of the intellectual property that they develop.
c. Subject to training requirements, LICENSEE shall have the right to ORIGINATE license agreements with other entities in exchange for a 5% commission payable on any royalties payed on the license agreements originated. When acting as an ORIGINATOR, LICENSEE shall, provide a License Agreement properly executed by the license applicant, and specifically naming the ORIGINATOR. If an ORIGINATOR shall terminate as a LICENSEE for any reason without a named successor, any commission payments on royalties generated by any license they originated shall be payed to the LICENSEE who originated the license of the terminating ORIGINATOR. The originating LICENSEE has no power to limit or restrict a license they originate with additional license terms. An organization may hold multiple licenses in open name for employees and/or subsidiaries and/or related entities. The 5% royalty commission paid on open name licenses is paid to the ORIGINATOR of the entity holding the open name license generating the royalty. ORIGINATOR subject to training requirements and additional terms.
d. LICENSEE may file for additional patents or intellectual property rights on behalf of ET3 and in ET3's name at its own expense in any country it so desires.
ASSIGNMENT AND LICENSING. Tenant may sublet or license all or part of the Leased Premises, and may assign or transfer this Lease in whole or in part without Landlord's consent. Upon such assignment, Tenant shall be relieved of all liabilities and obligations under this Lease. Landlord may not assign the Rent or this Lease or any rights hereunder, except in connection with a sale or mortgage of the entire Property, without the prior written consent of Tenant, in ▇▇▇▇▇▇’s sole discretion.
ASSIGNMENT AND LICENSING. The Employer may assign rights under this Schedule 6, but only if the proposed assignee executes a deed in favour of MEAA promising that duties of the Employer under this Schedule 6 to pay fees to the Performer are complied with by the assignee.
ASSIGNMENT AND LICENSING. 14.1 Except in connection with the sale of substantially all of the assets related to its Eflornithine business, neither MMD nor Ilex may assign or attempt to assign any rights under this Agreement without the prior written approval of the other, which approval will not be unreasonably withheld. Ilex may, however, sublicense its rights under the Agreement without any prior approval by MMD; provided, however, Ilex shall remain responsible for the payment of royalties on sublicensee sales and performance by sublicensees of applicable obligations hereunder.
ASSIGNMENT AND LICENSING