Common use of Third Party IP Clause in Contracts

Third Party IP. If a R&D Services Provider requires any license or other rights to third-party Intellectual Property or Technology in order to provide R&D Services, such R&D Services Provider shall notify the applicable R&D Services Recipients in writing as soon as practicable after such R&D Services Provider identifies such a requirement. The Parties acknowledge and agree that there can be no assurance that such licenses or other rights will be successfully obtained or obtained on acceptable terms and, where such licenses or other rights are identified after a Statement of Work has been entered into, the applicable R&D Services Recipients and R&D Services Provider shall agree to work together in good faith to resolve the issue, which may include changing the scope of or terminating such Statement of Work.

Appears in 4 contracts

Samples: Intercompany Services Agreement (BAKER HUGHES a GE Co LLC), Intercompany Services Agreement (BAKER HUGHES a GE Co LLC), Intercompany Services Agreement (Baker Hughes a GE Co)

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Third Party IP. If a R&D Services Provider requires any license or other rights to third-party Intellectual Property or o r Technology in order to provide R&D ServicesServices , such R&D Services Provider shall notify the applicable R&D Services Recipients in writing as soon as practicable after such R&D Services Provider identifies such a requirement. The Parties acknowledge and agree that there can be no assurance that such licenses or other rights will be successfully obtained or obtained on acceptable terms and, where such licenses or other rights are identified after a Statement of Work has been entered into, the applicable R&D Services Recipients and R&D Services Provider shall agree to work together in good faith to resolve the issue, which may include changing the scope of or terminating such Statement of WorkWork .

Appears in 1 contract

Samples: Intercompany Services Agreement

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