Examples of Licensed Inventions in a sentence
No royalty as provided in this Article 4 will be collected or paid hereunder to the Licensor on Licensed Inventions Sold to, or otherwise exploited for, the account of the United States Government.
If no sale, sublicense or use of Licensed Inventions has been made during a reporting period, a statement to this effect must be sent to Licensor.
Following exercise of the Option, Ambrx hereby agrees to indemnify, defend and hold harmless Institute and any Affiliate and their trustees, officers, employees, scientists and agent from and against any liability or expense arising from any claims arising from Ambrx’s use of any Licensed Inventions pursuant to this Agreement.
For clarity, only one royalty shall be due to Institute with respect to the same unit of Licensed Product, regardless of the number of Licensed Inventions contained therein.
LICENSEE represents that it shall use reasonable commercial efforts to introduce Licensed Inventions or Products, Processes or Services derived therefrom into the market and market its availability as soon as practicable after the Effective Date of this Agreement and shall also use its best efforts to develop, commercialize and sell the Licensed Inventions or Products, Processes or Services derived therefrom, within four (4) years of the Effective Date of this Agreement.