Licensing Party definition
Examples of Licensing Party in a sentence
Without limiting the foregoing, no party hereto shall have any obligation or liability under any agreement by which another party (the “Licensing Party”) licenses or sublicenses a Sole Invention of the Licensing Party or the Licensing Party’s interest in a Joint Invention.
Prior to entering into a license agreement with respect to such Blocking Third Party Intellectual Property or Enhancing Third Party Intellectual Property, as the case may be, the Licensing Party shall submit the proposed license agreement to the JSC for approval.
Such intellectual property and all embodiments thereof shall be promptly delivered to the Licensing Party (a) upon any such commencement of a bankruptcy proceeding upon written request therefor by the Licensing Party, unless the Bankrupt Party elects to continue to perform all of its obligations under this Agreement or (b) if not delivered under (a) above, upon the rejection of this Agreement by or on behalf of the Bankrupt Party upon written request therefore by the Licensing Party.
The Licensing Party may not Use the trade-marks in the Background IP of the Granting Party, without the Granting Party’s prior written consent, evidencing care and control of the marks, on such commercially reasonable terms as the Granting Party may agree.
Each Party expressly acknowledges and agrees that no right or license, express or implied, is granted hereunder in or to any Intellectual Property Improvements by either Party as the Licensing Party to the other Party as the Licensed Party.