Examples of Licensed Invention in a sentence
The license granted in Section 4.1 shall be exclusive to MSS, except that the University retains the right to practice and use any Licensed Invention for its own internal research purposes and in carrying out any of its responsibilities under Section 3.2 above.
Restriction to using the names of the Parties only in connection with factually based materials related to the Licensed Invention and the business of the Licensee, and specifically restricting the use of the name of any Party or its governing system or board in any name, brand or trademark related to Licensed Invention or any product created therefrom.
Royalties payable by Ambrx to Institute under Section 7.3 shall be paid on an Licensed Product-by-Licensed Product and country-by-country basis until the later of (i) 10 years after first commercial sale of the applicable Licensed Product in such country, and (ii) expiration in such country of the last Valid Claim of the last-to-expire Licensed Invention with claims that cover such Licensed Product (the “Royalty Term”).
This embedded entrepreneur’s qualifications should include business experience within the target industries of interest, experience in commercializing early stage technology, and the ability to communicate and interact with technical and non- technical stakeholders.
However, Sherwood and any Related Companies shall thereafter have a fully paid-up, royalty-free non-exclusive license to make, have made for it, use and/or sell the Licensed Invention and any other invention claimed in the Licensed Patent Rights without limitation.