Common use of Derivative Work Clause in Contracts

Derivative Work. A work of authorship created for academic research purposes that is derived from the Academic Data Set and that (A) is not able to be reverse engineered by a reasonably skilled user into the Academic Data Set or a portion thereof or (B) does not contain a significant portion of the Academic Data Set and would not reasonably be expected to be used as a substitute for the Academic Data Set or a portion thereof or otherwise substantially diminish the potential market value of the Academic Data Set; provided, that it is acknowledged that Derivative Work shall not include (and Academic Institution is not granted a license to use the Academic Data Set in whole or in part) for purposes of creating or operating a system (such as an integrated data set and software tools to be used for data access and analysis via the Internet) or service (such as an information service).

Appears in 4 contracts

Samples: Academic Historical Transaction Data Purchase Agreement, Academic Corporate Bond Trace Data Agreement, Data License Agreement

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