Examples of Licensed Patent in a sentence
Licensor represents and warrants that to the best of its knowledge, Licensor believes that the Licensed Patent is valid and enforceable.
Lessor and Xxxxxx expressly waive any and all rights they may have to contest the validity or enforceability of the Licensed Patent during the term of this Agreement.
Xxxxxx further represents and warrants that it has had the opportunity to review the Licensed Patent along with the prosecution history of the Licensed Patent application and that Xxxxxx had the opportunity to engage professionals to aid Lessee in this review; based on that review, Xxxxxx believes that the Licensed Patent is valid and enforceable.
Lessee (including Lessee’s affiliates), at Xxxxxx’s sole expense, shall obtain and maintain at all times all necessary government approvals, including Cannabis Licenses, for deployment of Unit, use of Licensed Patent and generation of revenues in connection with this Agreement.
Unless otherwise agreed to in writing, the Parties acknowledge that Licensor shall have exclusive and proprietary rights and interests in all rights, ownership, interests and intellectual properties arising out of or created during the performance of this Agreement that are related to the Licensed Patent and the Unit (the “Developed Intellectual Property Rights”).