Examples of Exclusive Licensed Product in a sentence
Except as provided herein with regard to the Exclusive Licensed Product, or as may otherwise be limited by the legitimate intellectual property rights of NINTENDO or any third party, LICENSEE shall retain all rights with regard to the adaptation of Games for development and sale in any other format, including on any Competing System.
For the Exclusive Licensed Product, LICENSEE agrees that, commencing on the Effective Date and continuing for a period of one (1) year from NINTENDO's first shipment of such Exclusive Licensed Product to LICENSEE, the Game incorporated into such Exclusive Licensed Product shall not be sold anywhere in the Territory by LICENSEE or by any third party for play on any Competing System.
With respect to Licensed Patents which include claims that cover First Generation Exclusive Licensed Products, for so long as Licensee has exclusive rights to any First Generation Exclusive Licensed Product, Licensor shall keep Licensee informed with respect to the course and conduct of patent applications and prosecution matters.
The balance of any recovery shall be split among the parties in the same proportion as their respective payment of the costs of the suit or action, with such equitable adjustments as the governing tribunal shall deem appropriate to compensate Softheart for the portion, if any, of the recovery attributable to Softheart's residual rights in the Exclusive Licensed Product.
Each party shall provide the other with ten (10) days' notice prior to taking any action regarding the infringement or possible infringement of any Exclusive Licensed Product.
In the event such breach is not timely cured as set forth in (a) above, Emisphere shall have the right to terminate the license granted under Section 2 to Novo Nordisk with respect to such Exclusive Licensed Product or a Non-Exclusive Licensed Product.
Third Party Licensed Product" means a First Generation Exclusive Licensed Product or a Non-Exclusive Licensed Product, the therapeutic effect of which is derived in part from any proprietary product, compound, method or process in-licensed or acquired by Licensee from an unaffiliated third party on an arm's length basis; provided that such First Generation Exclusive Licensed Product or Non-Exclusive Licensed Product is subject to a running royalty equal to the Base Royalty.
Upon conversion to an Exclusive Licensed Product, the Novo Nordisk License in this Section 4(b) shall terminate.
Licensor agrees that during the Term of this Agreement, Licensor shall not Develop or Commercialize a First Generation Exclusive Licensed Product so long as Licensee has exclusive rights to such First Generation Exclusive Licensed Product under this Agreement.
Notwithstanding the foregoing, Non-Exclusive Licensed Product shall exclude First Generation Exclusive Licensed Product.