TransTech Sample Clauses
The 'TransTech' clause establishes the terms under which technology or technological solutions are transferred between parties in an agreement. Typically, this clause outlines the scope of technology being transferred, the rights and obligations of each party regarding its use, and any restrictions or conditions on further distribution or modification. For example, it may specify whether the recipient can sublicense the technology or must maintain confidentiality. The core function of this clause is to clearly define the parameters of technology transfer, thereby preventing disputes and ensuring both parties understand their rights and responsibilities.
TransTech. TransTech shall own, free and clear of any claim by Novo except as otherwise expressly provided in this Agreement, the Reverting Rights and all rights with respect to inventions, Know-How and Patent Rights relating to or arising out of the GK Activator Project conceived following the Effective Date.
TransTech. The term "Transtech" shall mean: (i) Transtech Industries, Inc.; its predecessors; all its past and present subsidiaries and the predecessors and successors of such subsidiaries; its past and present affiliates and joint ventures and their predecessors and successors; and all its past, present and future assigns (but not including the Cooperating PRP Group), but only to the extent that Trantech has the legal authority to bind them (Transtech representing that it does not have the legal authority to bind Eastern Industrial, Wastequid, the Earthline Partnership or Dry Food Products and, (ii) any other entity that was in the past or is now affiliated with, related to or associated with Transtech including any corporations that have been acquired by, merged into or combined with Transtech or its predecessors, or Transtech's past and present subsidiaries, affiliates, successors and assigns (but not including the Cooperating PRP Group), but only to the extent that Trantech has the legal authority to bind them (Transtech representing that it does not have the legal authority to bind Eastern Industrial, Wastequid, the Earthline Partnership or Dry Food Products) and, (iii) any and all entities named as insureds, other insureds, or otherwise insured or claimed to be insured under the Subject Insurance Policies and those entities', subsidiaries', affiliates', successors' and assigns' directors, officers, agents and employees (but not including the Cooperating PRP Group), but only to the extent that Transtech has the legal authority to bind them (Transtech representing that it does not have the legal authority to bind Eastern Industrial, Wastequid, the Earthline Partnership or Dry Food Products). 2.
TransTech. The term "Transtech" shall mean: