Third Party Products or Services. For the avoidance of doubt, in no event will any assignment of a license hereunder or the licenses retained by a Divested Entity (i) grant a license to products or services of a third party acquirer existing on or before the date of the divestment or (ii) cause any third party acquirer to license its previously owned Intellectual Property Rights to the non-assigning Party.
Appears in 2 contracts
Samples: Separation and Distribution Agreement (Ingersoll-Rand PLC), Intellectual Property Matters Agreement (Ingersoll Rand Inc.)
Third Party Products or Services. For the avoidance of doubt, in no event will any assignment of a license hereunder or the licenses retained by a Divested Entity (i) grant a license to products or services of a third party acquirer existing on or before the date of the divestment or (ii) cause any third party acquirer to license its previously owned Intellectual Property Rights to the non-assigning Partydivestment.
Appears in 2 contracts
Samples: Trademark License Agreement (Ingersoll Rand Inc.), Separation and Distribution Agreement (Ingersoll-Rand PLC)