Common use of Title of Product Clause in Contracts

Title of Product. Upon Acceptance by the Purchasing Entity as detailed in Section 16 above, Contractor shall convey to Purchasing Entity title to the Product free and clear of all liens, encumbrances, or other security interests. Transfer of title to the Product shall include an irrevocable and perpetual license to use any Embedded Software in the Product. If Purchasing Entity subsequently transfers title of the Product to another entity pursuant to Contractor’s transfer policy provided within Attachment D, Purchasing Entity shall have the right to transfer the license to use the Embedded Software with the transfer of Product title. A subsequent transfer of this software license shall be at no additional cost or charge to either Purchasing Entity or Purchasing Entity’s transferee.

Appears in 3 contracts

Samples: Cooperative Contract, Cooperative Contract, Cooperative Contract

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Title of Product. Upon Acceptance by the Purchasing Entity as detailed in Section 16 aboveEntity, Contractor shall convey to Purchasing Entity title to the Product free and clear of all liens, encumbrances, or other security interests. Transfer of title to the Product shall include an irrevocable and perpetual license to use any Embedded Software in the Product. If Purchasing Entity subsequently transfers title of the Product to another entity pursuant to Contractor’s transfer policy provided within Attachment Dentity, Purchasing Entity shall have the right to transfer the license to use the Embedded Software with the transfer of Product title, subject to any license provisions or acceptable use policies related to any Embedded Software. A subsequent transfer of this software license shall be at no additional cost or charge to either Purchasing Entity or Purchasing Entity’s transferee.

Appears in 2 contracts

Samples: State Cooperative Contract, Cooperative Contract

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Title of Product. Upon Acceptance by the Purchasing Entity as detailed in Section 16 aboveEntity, Contractor shall convey to Purchasing Entity title to the Product free and clear of all liens, encumbrances, or other security interests. Transfer of title Contractor grants to the Product shall include an irrevocable and Purchasing Entity a non‐exclusive, royalty free, perpetual license to use any the Embedded Software in to achieve the Productpurposes of the Master Agreement. If Purchasing Entity subsequently transfers title of the Product to another entity pursuant to Contractor’s transfer policy provided within Attachment Dentity, Purchasing Entity shall have the right to transfer the license to use the Embedded Software with the transfer of Product title. A subsequent transfer of this software license shall be at no additional cost or charge to either Purchasing Entity or Purchasing Entity’s transferee.

Appears in 1 contract

Samples: Cooperative Contract

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