Common use of Compensation for the license Clause in Contracts

Compensation for the license. It is agreed that the present Agreement is granted by the UT3 to the Licensee without financial compensation. In compensation for the present Agreement, the Licensee shall communicate to the UT3 the results of the PROJECT which have been obtained from the use of the SOFTWARE and shall conform scrupulously to the other provisions of the present Agreement. As soon as possible after the expiration of the present Agreement, the Licensee undertakes to communicate to the UT3 the results of the PROJECT which have been obtained from the use of the SOFTWARE. The Licensee shall ensure that the partners of the PROJECT agree to the said communication. The UT3 may only use the results communicated by the Licensee for internal research purposes, at the exclusion of any other use. These results shall be considered as confidential information by the UT3 and shall not be communicated to any third party.

Appears in 5 contracts

Samples: Licensing Agreement, Licensing Agreement, Licensing Agreement

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