Master Licensee definition
Examples of Master Licensee in a sentence
Should Perpetual choose not to pursue such patent protection, then Master Licensee shall have the option, with the specific written consent of Perpetual, of pursuing this same patent protection and shall pay all costs associated with obtaining such patent protection and all maintenance fees payable thereon.
In the event of breach of this Agreement by Master Licensee, Master Licensee agrees to pay Perpetual’s actual costs and expenses in enforcing the terms of this Agreement including, without limitation, any court costs, fees between a solicitor and the solicitor’s own client, and all disbursements.
In the event of such permitted disclosure, Master Licensee shall make said disclosure conditional on the recipient's acceptance of the terms of a confidentiality agreement, the terms of which to be acceptable to Perpetual, not to disclose any Confidential Information of Perpetual to any other party.
If Master Licensee desires to carry out any action, whether written or oral, relating to or referring to XYO or any material marked confidential by Perpetual then Master Licensee agrees to seek Perpetual’s approval and to promptly make full disclosure in writing to Perpetual providing full details of such desired action before such action is to be carried out.
Master Licensee will cooperate with the Marks Owner in obtaining Marks registrations.