Materials and Technology definition
Examples of Materials and Technology in a sentence
Our Materials and Technology (including without limitation our Software) are protected by copyright laws and international copyright treaties, as well as other intellectual property laws and treaties.
Notwithstanding the foregoing, BioCurex shall not license or grant the use of the Licensed Materials and Technology in the Field to any Third Party after the Effective Date on terms with minimum annual royalties, as described in Section 4.3 below, less than those so described.
Inverness shall maintain records, in sufficient detail and in good scientific manner, which shall reflect all work done and results achieved in the performance of its research and development regarding the Licensed Materials and Technology and the Products (including all data in the form required under all applicable laws and regulations).
Work performed and deliverables created by us under the Agreement, including without limitation via Services, will constitute Our Materials and Technology, and for the avoidance of doubt will not be considered “works made for hire” owned by you.
BioCurex hereby grants to Inverness and its Affiliates a semi-exclusive license of the Licensed Materials and Technology in the Territory with the right to conduct research and to develop, make, have made, use, offer for sale, sell and import Products anywhere in the Territory for use in the Field.
We reserve all rights in Our Materials and Technology not specifically and expressly granted to you under these Master Terms.
Within ninety (90) days following the end of each quarter during the term of this Agreement, Inverness shall prepare and deliver to BioCurex a written summary report which shall describe (a) the research performed to date employing the Licensed Materials and Technology, (b) the progress of the development, and testing of Products in clinical trials, and (c) the status of obtaining regulatory approvals to market Products.
You agree that all right, title and interest in and to Our Materials and Technology and all service- based or licensed Software provided hereunder, including all changes, modifications and improvements thereto, belongs exclusively to, and will remain the sole property of, us, our Affiliates, and our and their respective licensors or partners.
Should a licensing agreement between BioCurex and one of its licensees be terminated, BioCurex shall have the right to license the Licensed Materials and Technology to another licensee or to develop, test, manufacture, import, sell or offer for sale Products without permission from Inverness.
For the avoidance of doubt, the terms of the Agreement, and Our Materials and Technology, are our Confidential Information.