IT Platform Customizations definition
IT Platform Customizations means Software with respect to which the Intellectual Property Right are owned by or purported to be owned by Seller or its Affiliates that (i) interoperates with the Software platforms licensed to Seller or the Plastics Business Subsidiaries by third parties (including ▇▇▇▇▇▇▇▇▇▇.▇▇▇, Inc. and Software AG USA, Inc.) as of the Agreement Date and (ii) that is used in the operation of the Plastics Business as of the Agreement Date. For the avoidance of doubt, the Software known as “neXprice” is an IT Platform Customization.
Examples of IT Platform Customizations in a sentence
The Buyer Licensees shall own any improvements, modifications and derivative works they may create with respect to the IT Platform Customizations, in each case, subject to Seller’s and any third party’s rights therein.
Seller and its Affiliates shall own any improvements, modifications and derivative works they may create with respect to the IT Platform Customizations.