Common use of Commitment and Licenses Clause in Contracts

Commitment and Licenses. 4.1 Party B undertakes not to initiate any legal actions or to file any infringement claims against the directors, employees and suppliers, customers, distributors or partners of Party A and Party A’s affiliates based on the intellectual property rights owned or controlled by Party B, provided, however, that the scope of the above commitments is only limited to products or services related to Party A and Party A’s affiliates. Party B shall ensure that its affiliates, successors or assignees of intellectual property rights comply with or fulfil the same commitments. 4.2 Party B hereby grants Party A a non-exclusive, irrevocable, free and sublicensable license, allowing Party A or a licensee authorized by Party A to implement the intellectual property rights owned by Party B in connection with Xiaomi’s customized products. The above licenses shall only take effect when one of the following circumstances occurs: 1) Both parties agree that Party B cannot complete the agreed development, mass production or delivery target of Xiaomi’s customized products; or 2) Party B becomes bankrupt, liquidated or otherwise unable to continue to perform this Agreement. Annex II: Xiaomi Customized Product’s authorizing party, Foshan Yunmi Electric Technology Co., Ltd. is located at (2F of No.1 Building and 4F of Xx.0 Xxxxxxxx) Xx. 0, Xxxxxxx Xxxxx Xxxx, Xxxxxx Xxxxxxx Committee, Lunjiao Subdistrict Office, Shunde District, Foshan City Xiaomi Customized Product’s authorized party, Xiaomi Communications Co., Ltd. is located at Xxxxx 0, Xxxxx XX, xxx Xxxxxxx Xxxx xx Xxxxx Resources, Xx. 00 Xxxxxx Xxxxxx Xxxx, Xxxxxxx, Xxxxxxx

Appears in 2 contracts

Samples: Business Cooperation Agreement (Viomi Technology Co., LTD), Business Cooperation Agreement (Viomi Technology Co., LTD)

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Commitment and Licenses. 4.1 5.1 Party B undertakes not to initiate any legal actions or to file any infringement claims against the directors, employees and suppliers, customers, distributors or partners of Party A and Party A’s affiliates based on the intellectual property rights owned or controlled by Party B, provided, however, that the scope of the above commitments is only limited to products or services related to Party A and Party A’s affiliates. Party B shall ensure that its affiliates, successors or assignees of intellectual property rights comply with or fulfil the same commitments. 4.2 5.2 Party B hereby grants Party A a non-exclusive, irrevocable, free and sublicensable license, allowing Party A or a licensee authorized by Party A to implement the intellectual property rights owned by Party B in connection with Xiaomi’s customized products. The above licenses shall only take effect when one of the following circumstances occurs: 1) Both parties agree that Party B cannot complete the agreed development, mass production or delivery target of Xiaomi’s customized products; or 2) Party B becomes bankrupt, liquidated or otherwise unable to continue to perform this Agreement. Annex Appendix II: Xiaomi Customized Product’s authorizing party, Foshan Yunmi Electric Technology Co., Ltd. is located at (2F of No.1 Building and 4F of Xx.0 Nx.0 Xxxxxxxx) Xx. 0, Xxxxxxx Xxxxx Xxxx, Xxxxxx Xxxxxxx Committee, Lunjiao Subdistrict Office, Shunde District, Foshan City Xiaomi Customized Product’s authorized party, Xiaomi Communications Co., Ltd. is located at Xxxxx Lxxxx 0, Xxxxx XX, xxx Xxxxxxx Xxxx xx Xxxxx Resources, XxNx. 00 Xxxxxx Xxxxxx Xxxx, Xxxxxxx, Xxxxxxx

Appears in 1 contract

Samples: Business Cooperation Agreement (Viomi Technology Co., LTD)

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Commitment and Licenses. 4.1 Party B undertakes not to initiate any legal actions or to file any infringement claims against the directors, employees and suppliers, customers, distributors or partners of Party A and Party A’s affiliates based on the intellectual property rights owned or controlled by Party B, provided, however, that the scope of the above commitments is only limited to products or services related to Party A and Party A’s affiliates. Party B shall ensure that its affiliates, successors or assignees of intellectual property rights comply with or fulfil the same commitments. 4.2 Party B hereby grants Party A a non-exclusive, irrevocable, free and sublicensable license, allowing Party A or a licensee authorized by Party A to implement the intellectual property rights owned by Party B in connection with Xiaomi’s customized products. The above licenses shall only take effect when one of the following circumstances occurs: 1) Both parties agree that Party B cannot complete the agreed development, mass production or delivery target of Xiaomi’s customized products; or 2) Party B becomes bankrupt, liquidated or otherwise unable to continue to perform this Agreement. Annex II: Letter of Authorization on Equal Rights to Information and Rights of Verification Xiaomi Customized Product’s authorizing party, Foshan Yunmi Electric Technology Co., Ltd. is located at (2F of No.1 Building and 4F of Xx.0 Xxxxxxxx) Xx. 0, Xxxxxxx Xxxxx Xxxx, Xxxxxx Xxxxxxx Committee, Lunjiao Subdistrict Office, Shunde District, Foshan City Xiaomi Customized Product’s authorized party, Xiaomi Communications Co., Ltd. is located at Xxxxx 0, Xxxxx XX, xxx Xxxxxxx Xxxx xx Xxxxx Resources, Xx. 00 Xxxxxx Xxxxxx Xxxx, Xxxxxxx, Xxxxxxx

Appears in 1 contract

Samples: Business Cooperation Agreement

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