Independent Ownership. Each Party is and remains the owner of its Background Intellectual Property and Independently Developed Foreground Intellectual Property, and the Parties understand and agree that, except as specifically set forth in this Agreement, no license or other rights, either express or implied, are granted by either Party to the other under this Agreement with respect to any Background Intellectual Property or any Independently Developed Foreground Intellectual Property, except as set forth in this Agreement. Each Party shall decide in its sole discretion whether it protects, and shall bear all costs of protecting, its Background Intellectual Property and Independently Developed Foreground Intellectual Property.
Appears in 4 contracts
Samples: , and License Agreement, Development, Supply, and License Agreement (Smith Electric Vehicles Corp.), Development, Supply, and License Agreement (Smith Electric Vehicles Corp.)
Independent Ownership. Each Party is and remains the owner of its Background Intellectual Property and its Independently Developed Foreground Intellectual Property, and the Parties understand and agree that, except as specifically set forth in this Agreement, no license or other rights, either express or implied, are granted by either Party to the other under this Agreement with respect to any Background Intellectual Property or any Independently Developed Foreground Intellectual Property, except as set forth in this Agreement. Each Party shall decide in its sole discretion whether it protects, and shall bear all costs of protecting, its Background Intellectual Property and Independently Developed Foreground Intellectual Property.
Appears in 2 contracts
Samples: Supply Agreement (Smith Electric Vehicles Corp.), Supply Agreement (Smith Electric Vehicles Corp.)
