Common use of Negative Covenant; No Implied License Clause in Contracts

Negative Covenant; No Implied License. Each Party covenants that it will not use or practice any of the other Party’s intellectual property rights licensed to it under this Article 2 except for the purposes expressly permitted in the applicable license grant. Except as explicitly set forth in this Agreement, neither Party grants any license, express or implied, under its intellectual property rights to the other Party.

Appears in 3 contracts

Samples: Development and Commercialization Agreement, License, Development (Aytu Bioscience, Inc), And Commercialization Agreement (Ampio Pharmaceuticals, Inc.)

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Negative Covenant; No Implied License. Each Party party covenants that it will not use or and shall ensure that its Affiliates and Sublicensees will not, practice any of the other Party’s intellectual property rights technology licensed to it under this Article 2 except for Agreement outside the purposes expressly permitted in scope of the applicable license grantlicenses granted herein. Except as explicitly set forth in this Agreementspecifically provided herein, neither Party no party grants to the other parties any license, express or implied, under its intellectual property rights to the other Partyany technology, know-how, inventions, improvements, trade secrets or materials that it possesses.

Appears in 2 contracts

Samples: License Agreement (Quark Pharmaceuticals Inc), License Agreement (Quark Biotech Inc)

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