Common use of Covenants with Respect to Jointly Developed Technology Clause in Contracts

Covenants with Respect to Jointly Developed Technology. During the term of this Agreement, each Contributing Party covenants not to use or license the Jointly Developed Technology without the prior written consent of the other Contributing Party(ies). After the expiration or earlier termination of this Agreement or upon termination of a Party’s rights pursuant to Section 14, each Contributing Party shall own an equal and undivided interest in the applicable Jointly Developed Technology with the other Contributing Party(ies), free to use (non-exclusively) in its sole discretion, with no right or obligation of accounting or profit-sharing to any Party. Provided however, that no Contributing Party may sublicense Jointly Developed Technology without the prior written consent of the other Contributing Party(ies)

Appears in 4 contracts

Samples: Development and Integration Agreement, Patent Purchase Agreement (Mikohn Gaming Corp), Product Development and Integration Agreement (Mikohn Gaming Corp)

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