Exclusive Right and License Sample Clauses
The Exclusive Right and License clause grants one party the sole authority to use, exploit, or commercialize certain intellectual property or assets, to the exclusion of all others, including the original owner. In practice, this means the licensee can develop, sell, or sublicense the rights covered by the agreement, while the licensor is restricted from granting similar rights to any other party. This clause is essential for providing the licensee with certainty and competitive advantage, as it prevents others from using or benefiting from the same rights during the term of the agreement.
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Exclusive Right and License. As of the Effective Date, WAKUNAGA hereby grants to MELINTA an exclusive right and license, with the right to grant Sublicenses (subject to Section 2.5.) under the Wakunaga Patents and the Wakunaga Proprietary Information to research, have researched, develop, have developed, make, have made, use, have used, import, have imported, export, have exported, market, have marketed, offer for sale, sell and have sold the Compound and/or the Products for the Indications throughout the Territory.
Exclusive Right and License. WAKUNAGA hereby grants to RIB-X an exclusive right and license, with the right to grant Sublicenses (subject to Section 2.5.) under the Wakunaga Patents and the Wakunaga Proprietary Information to research, have researched, develop, have developed, make, have made, use, have used, import, have imported, export, have exported, market, have marketed, offer for sale, sell and have sold the Compound and/or the Products for the Indications throughout the Territory.
Exclusive Right and License. Congoleum hereby grants to ABI, and ABI hereby accepts, the exclusive right and license to distribute Congoleum’s vinyl and vinyl composition floor tile (“Congoleum Tile”) in Canada (the “License”). This License includes (i) all rights attendant to distribution of Congoleum Tile in Canada and (ii) the right to assign or sublicense any of the foregoing rights to affiliates of ABI, provided that (A) the assignee or sublicensee agrees in writing to be bound by all of the terms and conditions of this Section 1, (B) Congoleum is given reasonable advance notice of such assignment or sublicensing with a copy of the executed agreement by which the assignee or sublicense agrees to be so bound and (C) any such assignment shall not relieve ABI of any of its obligations under this Section 1. For purposes of this Business Relations Agreement, “Affiliates” shall mean any person or entity controlling, controlled by or under common control with ABI.