Common use of License for Evaluation Clause in Contracts

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 09-100 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 09-100 (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 09-100 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 09-100 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.

Appears in 1 contract

Samples: Evaluation License

AutoNDA by SimpleDocs

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 0908-100 079 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 0908-100 079 (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 0908-100 079 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 0908-100 079 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.

Appears in 1 contract

Samples: Evaluation License

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 0902-100 105 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 0902-100 105 (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 0902-100 105 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 0902-100 105 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.

Appears in 1 contract

Samples: Evaluation License

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 0905-100 187 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 0905-100 187 (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 0905-100 187 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 0905-100 187 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.

Appears in 1 contract

Samples: Evaluation License

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 0905-100 051 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 0905-100 051 (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 0905-100 051 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 0905-100 051 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.

Appears in 1 contract

Samples: Software Evaluation License

AutoNDA by SimpleDocs

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 0902-100 076 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 0902-100 076 (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 0902-100 076 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 0902-100 076 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.

Appears in 1 contract

Samples: Evaluation License

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 0908-100 075 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 0908-100 075 (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 0908-100 075 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 0908-100 075 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.

Appears in 1 contract

Samples: Evaluation License

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 0906-100 058 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 0906-100 058 (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 0906-100 058 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 0906-100 058 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.

Appears in 1 contract

Samples: Evaluation License

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!