Initial Product definition
Examples of Initial Product in a sentence
Licensee acknowledges that nothing in this Agreement shall give it any right, title or interest in or to the Product Trademark for the Initial Product other than the limited license granted herein for the duration of the Term.
Licensee acknowledges that Orion is the sole and exclusive owner of the Product Trademark with respect to the Initial Product within the Territory.
Subject to and in accordance with the terms and conditions of this Agreement, during the Term, Orion hereby grants to Licensee an exclusive license, with the right to sublicense subject to Section 2.2, to use and display the Product Trademark in the Territory solely in connection with the performance by Licensee of its Development and Commercialization obligations with respect to the Initial Product in the Territory.