GRANTBACK definition

GRANTBACK is hereby deleted and replaced by the following: Licensee hereby grants to Nortel Networks and Manufacturing Licensees, a non- exclusive, perpetual, irrevocable, transferable, assignable, worldwide paid-up right to use Derivative Works and Licensed IP for use in the normal course of Nortel Networks' business. Such right includes the right to modify the Derivative Works and Licensed IP and to incorporate them into software or product for use in the normal course of Nortel Networks' business. For greater clarity, Nortel Networks shall have no right to sub-license, transfer, assign Innovations (defined below) for the purpose of creating competing products with Derivative Works. Ownership in and to the Derivative Works (exclusive of any Technology or Technology IP) and in and to any and all ideas, inventions, discoveries, creations, processes, techniques, designs, methods, improvements or know-how that Licensee may make, conceive, develop or reduce to practice (collectively, "Innovations"), regardless of whether such Innovations are developed as a result of Licensee's access to the Technology or Technology IP, shall remain with and be vested in Licensee. Subject to the provisions of Article 2.0(iii), Licensee shall not be obligated to provide the source code form of the Derivative Works to Nortel Networks. In partial consideration of the License granted herein by Nortel Networks, Licensee hereby grants to Nortel Networks, to the full extent of its legal right to do so, an irrevocable, perpetual, non-exclusive, non-transferable, non- sublicenseable, fully-paid up, royalty-free, worldwide license under any patents or patent applications that Licensee owns or acquires that are embodied in the Derivative Works or Licensed IP or were acquired as a result of access to the Technology or Technology IP or rights granted under this Agreement. This Article 3 Grantback shall not be construed ***, nor shall it be construed ***.
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GRANTBACK. Non-exclusive License. Purchaser hereby grants to Seller, a royalty-free, irrevocable, non-exclusive, non-transferable (except as provided in Section 4.4), non-assignable, non-sublicensable, worldwide right and license under the Patents to internally practice the methods and processes covered by the Patents, and to make, have made, use, distribute, lease, sell, offer for sale, import, export, develop and otherwise transfer or dispose of and otherwise exploit any products covered by the Patents ("COVERED PRODUCTS"). This license shall apply to the reproduction and subsequent distribution of Covered Products by authorized agents of Seller, such as a distributor, replicator, VAR or OEM.
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Examples of GRANTBACK in a sentence

  • NEKTAR AL shall be responsible, at its sole expense and discretion, and with the cooperation of COMPANY, for the filing, prosecution and maintenance of foreign and domestic PATENT APPLICATIONS and PATENTS covering such GRANT-BACK INVENTIONS.

  • COMPANY shall use diligent efforts to obtain from SUBLICENSEES and CMOS the same, substantially similar or more stringent material obligations with respect to GRANT-BACK INVENTIONS as are applicable to COMPANY under this Section 12.4.3.

  • RXi shall not grant to any third party any rights or licenses to the PATENT RIGHTS or TECHNOLOGY RIGHTS in the GRANT-BACK FIELD.

  • Such exclusive license in the GRANT-BACK FIELD is at no cost to ADVIRNA and is given in consideration of assignment of the PATENT RIGHTS and TECHNOLOGY RIGHTS (by ADVIRNA to RXi).