licensor's Rights definition
licensor's Rights above, the licenses granted in the "License Grant" section above are exclusive in the Core Music Business for a period of ten (10) years from the Closing Date. For all permitted uses outside the Core Music Business or after ten years from the Closing Date, the licenses are nonexclusive. In addition, during the term of the Agreement and for a period of two (2) years thereafter in the event of expiration or termination for a reason other than Licensee's breach and for a period of one (1) year thereafter in the event of termination for Licensee's breach, Licensor shall not use the Licensed Marks as part of the derivative marks "Universal Records," "Universal Music" or "Universal International Music" in any business or for any products or services.
licensor's Rights means any Intellectual Property Rights and Derivatives, of licensor in and to Licensor's copyrights, trademarks, service marks, patents, work product, documentation, and/or technology.
licensor's Rights. Licensor shall have the right to use (and to license to Licensor's Affiliates and outside vendors to use) the composite mark "NBC UNIVERSAL" in connection ▇▇▇h soundtrack albums for productions of NBCSub.