License for Evaluation Clause Samples
A License for Evaluation clause grants a party the limited right to use certain products, software, or intellectual property solely for the purpose of testing or assessing their suitability before a full commercial commitment. Typically, this license is time-bound, non-transferable, and restricts the use of the materials to internal evaluation activities, prohibiting commercial exploitation or redistribution. The core function of this clause is to allow potential customers or partners to assess the value and functionality of a product while protecting the licensor’s rights and limiting exposure to unauthorized use.
License for Evaluation. 2.1. In consideration of the payment by the Company of the sum of £1 (the receipt and sufficiency of which is hereby acknowledged by the University), the University hereby grants a License to the Company for the Purpose and for the duration of the Evaluation Period.
2.2. Subject to and without prejudice to the other terms of this Agreement, the Company confirms and agrees that the University retains unrestricted rights to use the Intellectual Property Rights and the Applications for its own academic research and teaching purposes, to further develop intellectual property in areas not covered in the Intellectual Property Rights, and to offer further evaluation rights and licenses to other third parties.
2.3. The Company shall keep all such particulars of USTAN 05-051 disclosed by the University to the Company under or in connection with this Agreement confidential, to itself and its directors, employees and subcontractors concerned in the evaluation of USTAN 05-051 (which directors, employees and subcontractors shall, if so required by the University, execute a confidentiality undertaking in favour of the University), and shall use such particulars solely for the Purpose as defined above.
2.4. Nothing in this Agreement shall prevent the University continuing such experimental work as it desires in connection with USTAN 05-051 or any Improvement, but the University shall promptly and regularly communicate to the Company the full particulars of the results of all such experimental work and such Improvements.
2.5. The University shall maintain and pay for all the IPR costs associated with USTAN 05-051 during the Evaluation Period.
2.6. At the conclusion of the Evaluation Period, the Company will provide the University with an update concerning the Purpose.
License for Evaluation. Provengo may provide Customer with a free license to the Software for evaluation purposes, subject to the periods, the Specifications and other provisions as provided in the Order Form (if any). It being clarified that Provengo may, for such periods and in such scope as it determines in its sole discretion, decide to add certain functionalities and features which Customer may not otherwise be entitled to under the Specifications (“Additional Features”). Provengo may at any time remove, limit and/or change the Additional Features at its sole and absolute discretion without any liability to Provengo.