Common use of HPC License Clause in Contracts

HPC License. Subject to the terms and conditions of this Contract including the payments in Sections 2.4 and 2.5, Seller hereby grants to Buyer a non-exclusive, non-transferable, license, under Seller’s rights in HPC Technology (without the right to sublicense) to use the Equipment solely for the purpose of developing and commercializing materials in the Field.

Appears in 4 contracts

Sources: Equipment Supply & Technology Licensing Contract (Intermolecular Inc), Equipment Supply & Technology Licensing Contract (Intermolecular Inc), Equipment Supply and Technology Licensing Contract (Intermolecular Inc)