Common use of Licensee Technology Clause in Contracts

Licensee Technology. In the event Licensee obtains a patent or patents for inventions pertaining to the subject matter claimed in the Licensed Patents, Licensee agrees to grant to the Licensor a nonexclusive license to use the invention or such patent or patents for the full term or terms hereof. If Licensor desires to grant sublicenses to use the Licensee's inventions(s) it will submit written requests to Licensee for its consent and approval which will in Licensee's reasonable discretion be granted or denied. Such nonexclusive license shall be subject to a running royalty to be paid by Licensor to Licensee equal to 6.75% of all Net Sales made by Licensor or any sub-licensee from Licensor. It is understood and agreed that the nonexclusive license to Licensor under this Article 7.2.2 is intended to apply to only those improvements and enhancements to the fingerprint card itself that is the Licensed Product of this Agreement, and not to technology developed by Licensee that is not incorporated into the fingerprint card itself. As used in this Article 7.2.2, "Net Sales" shall have the meaning specified in Article 1.12 of this Agreement, except that: all references to "Licensor" in Article 1.12 shall be deemed to mean "Licensee"; all references to "Licensee" in Article 1.12 shall be deemed to mean "Licensor"; and all references to "Licensor Technology" in Article 1.12 shall be deemed to mean "Licensee Technology";