New Invention definition
Examples of New Invention in a sentence
The Party to whom such New Invention is disclosed agrees to hold such disclosure on a confidential basis.
Any New Invention Products shall be the exclusive property of Licensor, whether or not developed by Licensor and whether or not Licensor's trade secrets are used to develop the New Invention Products; provided that such New Invention Products shall be deemed to be within the license granted hereunder.
The parties acknowledge that new or modified versions of the Licensed Products ("New Invention Products") other than as defined herein are anticipated.
Pay Sublicensor royalties on gross sales of the Licensed Products and any New Invention Products during the term of this license.
Upon receipt of written notification from Licensor as to the details of the New Invention and the specific terms of an offer ("Offer") by Licensor to sell or license such New Inventions to Licensee, Licensee shall have * * * to accept the Offer.