Common use of Terms of Licence Clause in Contracts

Terms of Licence. 8.1. Licensee agrees that this Licence does not grant Licensee any title to or ownership in the product or any component thereof (except for the Documentation), including any confidential proprietary information or other intellectual property relating thereto. 8.2. Licensee agrees that neither the Product nor any part thereof received by Licensee from Licensor under this Licence (except for the Documentation) shall be duplicated or reproduced. 8.3. Licensee agrees not to remove, destroy or render illegible any proprietary markings or confidential legends placed upon or contained within the Product. 8.4. Licensee shall comply with all laws, ordinances, rules and regulations relating to or in connection with this agreement and/or the use of the Product. 8.5. Any controversy or claim arising out of or relating to this agreement or any breach, termination or invalidity thereof shall, unless it is settled amicably by direct negotiations, be referred to arbitration in accordance with the United Nations Commission on International Trade Law (UNCITRAL) Arbitration Rules then obtaining. Such arbitration shall be conducted under the auspices of the American Arbitration Authority (AAA), which shall also serve as the Appointing Authority under the Rules. The place of arbitration shall be New York City, New York. The parties shall be bound by the arbitration award rendered in accordance with such arbitration, as the final adjudication of any such controversy or claim. 8.6. It is expressly understood and agreed that all of the obligations of Licensee hereunder shall survive the expiration or sooner termination of this agreement. 8.7. This agreement contains the entire understanding of the parties hereto, and neither it nor the rights and obligations hereunder may be changed, modified or waived, except by a formal written instrument duly signed by all of the parties hereto.

Terms of Licence. 8.1. Licensee agrees that this Licence Li cence does not grant Licensee any title to or ownership in the product or any component an y com ponent thereof (( except for the Documentation), including any inclu ding an y confidential proprietary information or other intellectual property relating thereto. 8.2. Licensee agrees that neither the Product Produc t nor any an y part thereof received by Licensee from fro m Licensor under this Licence (except for the Documentation) shall be duplicated dupli cated or reproduced. 8.3. Licensee agrees agr ees not to removerem ove, destroy d estroy or render illegible any proprietary markings or confidential legends placed upon or contained within the Product. 8.4. Licensee shall comply shal l co mply with all lawslaw s, ordinances, rules and regulations regula tions relating to or in connection with this agreement and/or the use of the Product. 8.5. Any controversy or claim arising ari sing out of or relating relati ng to this agreement agree ment or any a ny breach, termination or invalidity thereof shall, unless it is settled amicably by direct negotiations, be referred to arbitration in accordance accorda nce with the United Nations Commission Na tions Commi ssion on International Trade Law (UNCITRAL) Arbitration Rules then obtaining. Such arbitration shall be conducted con ducted under the auspices of the American Arbitration Authority Authorit y (AAA), which shall also serve as the Appointing Authority Appoi nting Authorit y under the Rules. The place of arbitration shall be New York City, New York. The parties shall be bound by b y the arbitration award rendered rendere d in accordance with such arbitration, as the final adjudication of any such controversy or claim. 8.6. It is expressly understood and agreed that t hat all of the obligations obligati ons of Licensee hereunder shall survive the expiration or sooner termination of this agreement. 8.7. This agreement contains the entire understanding understandi ng of the parties hereto, and neither xxxxx xx it nor the rights and an d obligations hereunder may be changed, modified m odified or waived, except by b y a formal written instrument duly signed by all of the parties hereto.