Release or License Clause Samples
A Release or License clause serves to grant permission for the use of certain rights or to discharge a party from specific claims or liabilities. In practice, this clause may allow one party to use intellectual property, confidential information, or other protected materials, or it may release a party from future legal claims related to a particular matter. Its core function is to clearly define the scope of rights granted or liabilities waived, thereby reducing the risk of future disputes and ensuring both parties understand their respective freedoms and obligations.
Release or License. If an Invention does not relate to the existing or reasonable foreseeable business interests of Inspire, Inspire may, in its sole and unreviewable discretion, release or license the Invention to the Executive upon written request by the Executive. No release or license shall be valid unless in writing signed by Inspire’s general counsel.
Release or License. If an Invention does not relate to the existing or reasonably foreseeable business interests of Tennant, Tennant may, in its sole and unreviewable discretion, release or license the Invention to the Employee upon written request by the Employee. No release or license shall be valid unless in writing signed by ▇▇▇▇▇▇▇’▇ General Counsel.
Release or License. If an Invention does not relate to the existing or reasonably foreseeable business interests of the Company Group, the Company may, in its sole and unreviewable discretion, release or license the Invention to the Executive upon written request by the Executive. No release or license shall be valid unless in writing signed by the Company’s General Counsel.