Examples of Licensed IP Rights in a sentence
For clarity, if only one of BLS-M22 and BLS-M32 fails, this Agreement will remain in effect and only the failed Licensed Product and its Licensed IP Rights will be returned to MOA.
Notwithstanding anything to the contrary in this Agreement, MOA may use and permit others to use the Licensed IP Rights for any research, development, commercial, or other purposes in the Excluded Territory.
MOA hereby grants to Elevai an exclusive royalty-bearing license (with the right to grant Sublicenses through multiple tiers in accordance with Section 3.1.2 (Sublicenses) below) under the Licensed IP Rights to conduct research and to Develop, Manufacture, Commercialize, and otherwise make, have made, use, offer for sale, sell, export and import Licensed Products in the Territory and in the Field (the “Exclusive License”).
Except for the rights and licenses specified in Section 3.1 (Licensed IP Rights), no license or other rights are granted to Elevai under any intellectual property of MOA, whether by implication, estoppel, or otherwise, whether any such intellectual property dominates or is dominated by the Licensed IP Rights.
Before Elevai commences legal proceedings with respect to any infringement of any such Licensed IP Rights (an “Action”), Elevai shall give careful consideration to the views of MOA in making its decision whether or not to commence such an Action.