Examples of Buyer License Agreement in a sentence
Nothing in this Agreement shall affect any rights granted to a party under the Purchase Agreement, the Buyer License Agreement or the Seller License Agreement.
Buyer will grant Lubrizol or its Affiliates a non-exclusive, perpetual, irrevocable, transferable (in whole or in part, including in connection with the purchase of all or substantially all of the assets to which this license relates), royalty-free, worldwide license (without the right to sublicense) solely in the Antioxidant Field and the Compete Field to use, make, have made, improve upon, sell and distribute the Buyer Licensed IP owned by Buyer (the "Buyer License Agreement").
Notwithstanding anything to the contrary in this Agreement, the Buyer License Agreement shall: (i) be subject to Section 7.12 of this Agreement; and (ii) impose no obligation on Buyer to license Seller any Intellectual Property to which a third party may have rights, whether by contract, license or otherwise; and (iii) except as specifically scheduled in Schedule 7.17(b), impose no obligation on Buyer to license Seller any Intellectual Property used exclusively in the Businesses.
Following the occurrence of either of the Interim Transfer Date or the Final Transfer Date, Buyer agrees not to disclose to any other Person, nor to use in any way except as expressly authorized by Seller in writing or pursuant to the Buyer License Agreement, any and all Confidential Information of the Company that was included in the Contributed Assets that is not available to the public.
The granting of the license under the Buyer License Agreement shall be at no additional cost to Sellers and their Affiliates.
The Transferred Assets, together with the license granted to Buyer under the Buyer License Agreement, constitute all property, assets and contractual rights necessary for the manufacture, supply and commercial sale of the Product, as such business is currently conducted.
Effective on the Closing Date, Seller shall enter into a License Agreement substantially in the form of Exhibit D attached hereto with respect to the Licensed Trademark (the "Buyer License Agreement").