Common use of Restrictions on Rights - Standards Clause in Contracts

Restrictions on Rights - Standards. Purchaser will not be subject to any covenant not to xxx or similar restrictions on its enforcement or enjoyment of the Patents as a result of the transaction contemplated in this Agreement, or any prior transaction entered into by Seller related to the Patents. Seller has not made any commitments to any standards or other organization (including any open source organization) regarding licensing or not asserting the Patents, and Seller has not entered into any agreement or other arrangement which would otherwise obligate it to license or refrain from asserting the Patents.

Appears in 5 contracts

Samples: Patent Purchase Agreement (Spiral Energy Tech., Inc.), Patent Purchase Agreement (Spherix Inc), Patent Purchase Agreement (Spherix Inc)

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Restrictions on Rights - Standards. Except as disclosed in the Identified Encumbrance Agreements and the Disclosure Schedule, Purchaser will not be subject to any covenant not to xxx or similar restrictions on its enforcement or enjoyment of the Patents as a result of the transaction contemplated in this Agreement, or any prior transaction entered into by Seller related to the Patents. Seller has not made any commitments to any standards or other organization (including any open source organization) regarding licensing or not asserting the Patents, and Seller has not entered into any agreement or other arrangement which would otherwise obligate it to license or refrain from asserting the Patents.

Appears in 1 contract

Samples: Patent Purchase Agreement (Spherix Inc)

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