Examples of Combined Fields in a sentence
TRANSFEREE grants to TRANSFEROR under the Assigned Hemiwedge Intellectual Property the non-exclusive, royalty-free, and sublicenseable right to make, use, sell, offer for sale, rent, offer for rent, modify, reproduce, or otherwise commercialize or develop Hemiwedge Products for any and all uses outside of any and all of the Combined Fields of Use.
The focus of the Business will be to develop the Products in the Combined Fields (subject to the provisions outlined in Clause 2.3 and Clause 2.4 of this Agreement and Clause 1 of the Funding Agreement) using the Elan Intellectual Property, the Sheffield Intellectual Property and the Newco Intellectual Property to agreed upon specifications and timelines.
TRANSFEROR shall give TRANSFEREE prompt written notice of any suspected infringement of the Hemiwedge Intellectual Property in any of the Combined Fields of Use that may come to TRANSFEROR’s attention.
For clarification, TRANSFEROR reserves the right to use or license others to use the Hemiwedge Trademark in connection with any and all activities not within the Combined Fields of Use.
TRANSFEREE shall have the right and sole discretion, in TRANSFEROR’s name (if required by Law, but otherwise in TRANSFEREE’s name) to xxx third parties for past, present, and future infringement, misappropriation, or other violations of the Licensed Hemiwedge Intellectual Property in the Combined Fields of Use and TRANSFEROR shall fully and timely cooperate and assist TRANSFEREE in connection with any such suit or action.
In exchange for the Consideration (provided in Section 2.6), TRANSFEROR hereby grants to TRANSFEREE under the Licensed Hemiwedge Intellectual Property an exclusive (except as provided in Section 2.4), worldwide, perpetual, fully paid up, irrevocable, and sublicensable license and right to make, use, sell, offer for sale, rent, offer for rent, modify, reproduce, repair, service or otherwise commercialize or develop Hemiwedge Products for any and all of the Combined Fields of Use.
If Transferee prosecutes and maintains any of the Licensed Hemiwedge Intellectual Property, Transferee shall grant to Transferor a royalty free license to use any patent rights not within the Combined Fields of Use.