Common use of Licensor’s Consent Clause in Contracts

Licensor’s Consent. In case the Licensee implements an intellectual property right that is not covered in this Agreement (the “New Intellectual Property Right”), the Licensor acknowledges and agrees and will cause its subsidiaries to acknowledge and agree that the Licensee shall have any and all rights and interests in the New Intellectual Property Right, including but not limited to the rights to own, possess, use, dispose of, and profit from the New Intellectual Property Right, without the need to get the consent from the Licensor and its subsidiaries or to pay any fees to the Licensor and its subsidiaries, regardless of whether or not it is dependent on the Intellectual Property Rights under this Agreement, or whether or not it is the variation or modification of the Intellectual Property Rights under this Agreement, either in form or in essence; the Licensor and its subsidiaries are under the obligation to assistant the Licensee to go through formalities relating to the New Intellectual Property Right, including but not limited to the execution of necessary written documents.

Licensor’s Consent. In case the Licensee implements an intellectual property right that is not covered in this Agreement (the “New Intellectual Property Right”), the Licensor acknowledges and agrees and will cause its subsidiaries to acknowledge and agree that the Licensee shall have any and all rights and interests in the New Intellectual Property Right, including but not limited to the rights to own, possess, use, dispose of, and profit from the New Intellectual Property Right, without the need to get the consent from the Licensor and its subsidiaries or to pay any fees to the Licensor and its subsidiaries, regardless of whether or not it the New Intellectual Property Right is dependent on the Intellectual Property Rights under this Agreement, or whether or not it is the variation or modification of the Intellectual Property Rights under this Agreement, either in form or in essence; the . The Licensor and its subsidiaries are under the obligation to assistant the Licensee to go through formalities relating to the New Intellectual Property Right, including but not limited to the execution of necessary written documents.