Licences In definition

Licences In means licences, agreements, authorisations and permissions pursuant to which the Group uses, exploits or holds (or is permitted to use, exploit or hold) any Intellectual Property Rights belonging to any third party; and

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Licences In means an agreement by a third party to license or sub-license Intellectual Property Rights to a Group Company;

Licences In means any material licence of Intellectual Property Rights which has been granted by a third party to a Target Company in relation to its business or any part of it;

Examples of Licences In in a sentence

• The Disclosure Letter lists all material Licences In. No Target Company has received written notice alleging that a Target Company or (in relation to the Business) the Business Seller is in breach constituting grounds for termination of any material Licence In. For the purpose of this paragraph 2, a material Licence In means a licence that contains aggregate payment obligations and/or rights to receive monies by any party of €50,000 or more.

• Complete and accurate particulars of all registered Intellectual Property Rights and all material unregistered Intellectual Property Rights owned, used or exploited by the Group (other than Intellectual Property Rights used or exploited by the Group pursuant to Licences In) are set out in Part 1 and Part 2 of Schedule 4 (Owned Intellectual Property) respectively.

• The material Licences In are listed in schedule 5, and none of the material Licences In are due to expire on or before 6 months from the date of this Agreement.

• All material royalties have been paid when due under the Licences In and the Licences Out and so far as the Sellers are aware none of the parties to such licences are in breach and so far as the Sellers are aware there are no grounds on which they might be terminated.

• Except in respect of Intellectual Property Rights used, exploited or held by the Company pursuant to the Licences In as set out in Parts 3 and 4 of Schedule 3, the Company is the sole legal and beneficial owner of (or applicant for) the Intellectual Property Rights used by the Company including, without limitation, those set out in Part 1 of Schedule 3, free from all Encumbrances.

More Definitions of Licences In

Licences In means the licences of Intellectual Property or know-how granted to the Company or a member of the Sellers' Group in relation to the Business by third parties;

Licences In means the licences of Intellectual Property which have been granted to the Company;

Licences In means written agreements whereby the Group Companies use or exploit any Intellectual Property belonging to a third party as specified in Schedule 4 Part 1;

Licences In means the licences of Intellectual Property which have been granted to the Company, including those relating to the use of Open Source Software;

Licences In and “Licences Out” are as defined in paragraph 18 of Part 1 of Schedule 6 (Intellectual Property Rights);

Licences In has the meaning given to it in paragraph (a) of the definition of Intellectual Property Agreements;

Licences In means, where used in schedule 7, the Material licences of Intellectual Property which have been granted by third parties to any of the Group Companies;