Common use of License of RTI Technology Clause in Contracts

License of RTI Technology. During the term of this Agreement, RTI hereby grants to MSD a nonexclusive, non-transferable, non-sublicensable license to use the Intellectual Property Rights filed by RTI relating to Specialty Allografts and Bone Paste for the sole purpose of enabling MSD to perform its obligations under this Agreement. All right, title and interest in and to such licensed Intellectual Property Rights shall remain exclusively in the ownership of RTI, except that nothing in this Agreement should be construed as an admission by MSD as to RTI’s right, title, interest or inventorship in and to such Intellectual Property Rights.

Appears in 4 contracts

Samples: Distribution and License Agreement (Regeneration Technologies Inc), Distribution and License Agreement (Regeneration Technologies Inc), Distribution and License Agreement (Regeneration Technologies Inc)

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