Recipe License Sample Clauses
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Recipe License. Seller hereby grants to Buyer a royalty-free, perpetual license to use any recipes that Seller owns and uses in the manufacture of the products produced exclusively by the Business Division for its institutional spice customers. For the avoidance of doubt, this license does not include the right to use the recipes that Seller owns and uses in the manufacture of its private label products according to Seller’s own specifications for Seller’s further sale to customers of Seller’s direct store delivery network.
Recipe License. Company acknowledges R▇▇▇’▇ sole and exclusive ownership, and right to exercise control over the nature and quality, of any Recipe associated with the Products, together with modifications to the Recipes made by R▇▇▇’▇ or Company, or both parties jointly. Company shall not acquire, and shall not attempt to authorize or permit any third party to acquire, any right with respect to any Recipe. The Parties agree that any Recipe is a confidential trade secret of R▇▇▇’▇ and is owned by R▇▇▇’▇, and confidentiality obligations of Company related to these trade secrets shall continue perpetually (for so long as they remain trade secrets under Applicable Law and Regulations). Without limiting the foregoing, R▇▇▇’▇ hereby grants to Company an exclusive limited right and license during the Term to use each applicable Recipe in connection with manufacturing, packaging, promoting, selling and distributing the Products in the Territory. Except as set forth in the foregoing sentence, Company shall have no other right to use any Recipe during the Term, and shall have no right to use any Recipe after the Term.