IP Assets definition
Examples of IP Assets in a sentence
Licensee represents and warrants that it will comply, and will ensure that its Affiliates comply, with all local, state, federal and international laws and regulations relating to use of the IP Assets.
Upon expiration or termination of this Agreement by either Party pursuant to any of the provisions of Section 6.2. the rights and licenses granted to Licensee under Section 2 shall terminate, all rights in and to and under the IP Assets will revert to Licensor and neither Licensee nor its Affiliates may make any further use or exploitation of the IP Assets.
Licensor reserves all other rights not expressly licensed to Licensee herein, including the right to use the IP Assets for any research, training, teaching or other non-commercial purpose and for the care and treatment of pediatric patients with RDEB.
Prior to providing the IP Assets to the Licensee as above, the Parties shall first execute a separate Data Transfer Agreement, which Data Transfer Agreement shall specify terms related to data security and control for transfer and management of the IP Assets.
Licensor wishes to grant a license under the IP Assets to Licensee in furtherance of the Purpose and the Licensee has agreed to accept such license, on the terms set out in this Agreement.