GRANT BY INSTITUTE. Subject to the terms and conditions set forth in this Agreement, INSTITUTE hereby grants to TIC during the Term and in the Territory, and TIC hereby accepts an exclusive license to use the INSTITUTE Technology in the FOU. During the term of this Agreement, INSTITUTE will not use, or authorize, license or permit any person other than TIC to use the INSTITUTE Technology to develop or offer any mapping or survey services or products for commercial use or other similar products or services which would, in any manner, compete with TIC in the FOU. TIC is specifically permitted to use, reproduce, distribute, and prepare derivative works of the INSTITUTE Technology, and to sublicense such portion of its rights to affiliated entities of TIC that are reasonably anticipated or calculated to enhance TIC's market value or to further its business plan, without further compensation to the INSTITUTE, provided such entities acknowledge, in writing, and agree to comply with, such material provisions hereof as are designed to protect the ownership rights of the INSTITUTE, and the confidentiality of the confidential and/or proprietary information of the INSTITUTE. Without limitation, TIC's rights shall include the rights: (i) To use the Mapping Technology internally for testing, demonstration, training, support and promotional purposes by its personnel; (ii) To demonstrate the INSTITUTE Technology to potential TIC Clients; (iii) To provide training and technical support to employees, and TIC Clients; (iv) To use the INSTITUTE Documentation in support of TIC Services and/or TIC's authorized use of Mapping Technology; and (v) To own the Project Work Product as to any TIC Services.
Appears in 3 contracts
Samples: Technology License Agreement (Compuprint Inc), Technology License Agreement (Compuprint Inc), Technology License Agreement (Compuprint Inc)
GRANT BY INSTITUTE. Subject to the terms and conditions set forth in this Agreement, the INSTITUTE hereby grants to TIC during the License Term and in the Territory, and TIC hereby accepts accepts, an exclusive license to use the INSTITUTE Technology in the FOU. During the term of this AgreementLicense Term, the INSTITUTE will not use, or authorize, license or permit any person other than TIC to use the INSTITUTE Technology to develop or offer any mapping or survey services or products for commercial use or other similar products or services which would, in any manner, compete with TIC in the FOU. TIC is specifically permitted to use, reproduce, distribute, and prepare derivative works of the INSTITUTE Technology, and to sublicense such portion of its rights to affiliated entities of TIC that are reasonably anticipated or calculated to enhance TIC's ’s market value or to further its business plan, without further compensation to the INSTITUTE, provided such entities acknowledge, in writing, and agree to comply with, such material provisions hereof as are designed to protect the ownership rights of the INSTITUTE, and the confidentiality of the confidential and/or proprietary information of the INSTITUTE. Without limitation, TIC's ’s rights shall include the rights:
(i) To use the Mapping Technology internally for testing, demonstration, training, support and promotional purposes by its personnel;
(ii) To demonstrate the INSTITUTE Technology to potential TIC Clients;
(iii) To provide training and technical support to employees, and TIC Clients;
(iv) To use the INSTITUTE Documentation in support of TIC Services and/or TIC's ’s authorized use of Mapping Technology; and
(v) To own the Project Work Product as to any TIC Services.
Appears in 1 contract
Samples: Technology License Agreement (Terra Energy & Resource Technologies, Inc.)
GRANT BY INSTITUTE. Subject to the terms and conditions set forth in this Agreement, the INSTITUTE hereby grants to TIC TIS during the License Term and in the Territory, and TIC TIS hereby accepts accepts, an exclusive license to use the INSTITUTE Technology in the FOU. During the term of this AgreementLicense Term, the INSTITUTE will not use, or authorize, license or permit any person other than TIC TIS to use the INSTITUTE Technology to develop or offer any mapping or survey services or products for commercial use or other similar products or services which would, in any manner, compete with TIC TIS in the FOU. TIC TIS is specifically permitted to use, reproduce, distribute, and prepare derivative works of the INSTITUTE Technology, and to sublicense such portion of its rights to affiliated entities of TIC TIS that are reasonably anticipated or calculated to enhance TIC's TIS’s market value or to further its business plan, without further compensation to the INSTITUTE, provided such entities acknowledge, in writing, and agree to comply with, such material provisions hereof as are designed to protect the ownership rights of the INSTITUTE, and the confidentiality of the confidential and/or proprietary information of the INSTITUTE. Without limitation, TIC's TIS’s rights shall include the rights:
(i) To use the Mapping Technology internally for testing, demonstration, training, support and promotional purposes by its personnel;
(ii) To demonstrate the INSTITUTE Technology to potential TIC TIS Clients;
(iii) To provide training and technical support to employees, and TIC TIS Clients;
(iv) To use the INSTITUTE Documentation in support of TIC TIS Services and/or TIC's TIS’s authorized use of Mapping Technology; and
(v) To own the Project Work Product as to any TIC TIS Services.
Appears in 1 contract
Samples: Technology License Agreement (Terra Energy & Resource Technologies, Inc.)