IP Warranty definition
Examples of IP Warranty in a sentence
The IP Warranty does not apply to any infringement which is due to WAB having followed a design or instruction provided by the Buyer or which is caused by or arises from the combination, association or utilization of WAB's Equipment or Services with articles or materials not supplied by WAB.
The foregoing warranty is referred to as the "IP Warranty"; the Base Warranties and the IP Warranties are collectively referred to as the "Warranties".
SKG further warrants that the IP Warranty will extend for a period of one (1) year from the date Licensee first runs any Updates made by SKG to the Software; provided that Licensee is current on the Subscription Fees.
For purposes of clarity, in no event shall Seller's liability for any and all claims made by Buyer under this Section 10 before the IP Warranty Termination Date with respect to Section 4.10(a) and (b) exceed in the aggregate the amount of the Escrow Consideration existing at the Escrow Termination Date.
SKG further warrants that the IP Warranty will extend for a period of one (1) year from the date Licensee first runs any and all updated releases, modifications, upgrades, corrections, fixes and enhancements made by SKG to the Software; provided that Licensee has purchased Support Services at the time of such updated releases, modifications, upgrades, corrections, fixes and enhancements.
For the avoidance of doubt, an IP Warranty Breach and a Fundamental Warranty Breach shall constitute a Warranty Breach, and a Third Party IP Warranty Claim and a Fundamental Warranty Claim shall constitute a Third Party Warranty Claim.
Without prejudice to any other provision of this Schedule, neither the Purchaser nor any Designated Purchaser shall be entitled to bring any claim for breach of any Warranty against the Sellers, the Business Sellers or the Share Seller or any of them in respect of matters relating directly to any Qualified IP Warranty Rights other than to the extent that the Sellers are aware of the facts or circumstances which would, but for this paragraph 13, allow the Purchaser or any Designated Purchaser to do so.