Examples of Newly Developed IP in a sentence
Without limiting the generality of the foregoing, to the extent any Newly Developed IP would not qualify as a “work made for hire” under applicable Law, the Provider of such Newly Developed IP shall assign and transfer to the applicable Recipient, all of such Provider’s and its Affiliates’ right, title and interest in, to and under such Newly Developed IP.
If, in the course of providing any Service, a Provider or any of its Affiliates creates or develops any Intellectual Property solely for the benefit of the Recipient and paid for by the Recipient (“Newly Developed IP”), then as between the Parties, such Newly Developed IP shall be solely and exclusively owned by such Recipient upon creation or development and shall be deemed a “work made for hire” under applicable Law.
The parties hereto shall take any and all actions and execute any and all other documents reasonably necessary to perfect, confirm and record the applicable Recipient’s ownership of such Newly Developed IP as contemplated in this Section 2.08.
Upon (a) a Change-of-Control-of-the-Company, or (b) the later of (i) the fifth anniversary of the Effective Date or (ii) the date that Licensor and any of its Affiliates cease to directly or indirectly own or hold any equity interest, including Xxxxx Common Equity Units or Class C Profits, in Xxxxx Parent, Licensor will have the right at any time thereafter upon 30 days’ prior written notice to Buyer to terminate the option for Newly Developed IP granted to Buyer in Section 2.3 of this Agreement.
SG DevCo shall take any and all actions and execute any and all other documents reasonably necessary to perfect, confirm and record SG Holdings’ ownership of such Newly Developed IP.
If, in the course of providing any Shared Service, NightHawk creates or develops any intellectual property in connection with such Shared Services for or on behalf of Elusys (“Newly Developed IP”), then, as between the Parties, such Newly Developed IP shall be solely and exclusively owned by NightHawk and Elusys hereby irrevocably assigns and transfers (and shall cause its Affiliates to assign and transfer) to NightHawk all of Elusys’s right, title and interest in, to and under such Newly Developed IP.
Upon termination of the Agreement, any rights to Buyer or its Affiliates in and to Newly Developed IP shall terminate as to all future Newly Developed IP.
Subject to Section 4.2(b), during the Term of this Agreement, Buyer shall have the non-exclusive right of offer to license in the Territory any Newly Developed IP that is substantially ready for commercial use in oil and gas exploration and production in the Territory, including the right to obtain a license for Newly Developed IP that Licensor does not intend to make available to third parties by license, sale or otherwise.
During that 60-day period, Licensor will provide to Buyer any other information reasonably required for Buyer to understand the Newly Developed IP.
Without limiting the generality of the foregoing, to the extent any Newly Developed IP would not qualify as a “work made for hire” under applicable Law, the Provider hereby irrevocably assigns and transfers (and shall cause its Affiliates to assign and transfer) to the Recipient all of the Provider’s and its Affiliates’ right, title and interest in, to and under such Newly Developed IP.