Examples of Company Licensing Agreement in a sentence
The Company will license its Patent Rights on a royalty-free basis to any Person that enters into a Company Licensing Agreement.
The Company will have an open licensing policy, offering non-exclusive licenses of its Patent Rights to all Persons, on a royalty-free basis, but requiring a license from such Persons, substantially as set forth in Section 3.02(b) and the Form Company Licensing Agreement, as the same may be amended or modified from time to time.
The Company CEO will, subject to the approval of the Company Board, be responsible for the negotiation and execution of each Company Licensing Agreement, provided that any license of the Company’s Patent Rights that is not substantially in the form of the Form Company Licensing Agreement (as the same may be amended or modified from time to time) shall (in accordance with Section 4.02(c)(i)) [**].
Subject to the licenses and related obligations in the Company Licensing Agreement, nothing contained herein or in the Company Licensing Agreement shall prohibit any Member or any of its Affiliates from licensing, selling, transferring or otherwise granting rights in any of its patents at prices and terms and conditions that it sets in its sole discretion without the agreement or permission of any other Member or any of its Affiliates.
Notwithstanding the foregoing, revisions to the Form Company Licensing Agreement shall [**], in accordance with Section 4.02(c)(i), and subject to item (vii) of Schedule 4.02(c)(ii), shall be subject to approval [**].
In no event shall any Member have any right to (and in no event shall any Member) grant any license to or interest in any [**] Patent Rights (except as expressly set forth in the Company Licensing Agreement), regardless of the terms of any agreement, commitment, understanding or arrangement to which such Member may be subject.
Concurrently herewith or prior hereto, the Additional Member (or, if the Additional Member has a Member Parent, such Member Parent) has entered into a Company Licensing Agreement.