Examples of Optioned Patents in a sentence
Optionee shall not sell, distribute or otherwise transfer or provide to any third party any Products without the express written consent of OHIO, and shall not use the inventions claimed in any of the Optioned Patents or use any other Optioned Technology or for any purpose other than evaluating its interest in licensing the Optioned Patents and Optioned Technology.
OHIO hereby grants to Optionee a limited, [exclusive/ nonexclusive] license under the Optioned Patents and a limited, nonexclusive sublicense under the Optioned Technology to use the inventions of the Optioned Patents and the Optioned Technology solely for internal use and solely for the purpose of evaluating its interest in licensing the Optioned Patents and Optioned Technology.
OHIO owns the Optioned Patents and has the right to license the Optioned Technology (defined below) and OHIO desires to have the Optioned Patents and Optioned Technology commercially developed to benefit the general public.
As further consideration for the option granted herein, Optionee shall reimburse OHIO for all costs and expenses incurred by OHIO during the Option Period for preparing, filing, prosecuting, and maintaining the Optioned Patents.
Optionee wishes to obtain from OHIO an option to license the Optioned Patents and Optioned Technology and OHIO is willing to grant such an option upon the terms and conditions set forth herein.
XXXX hereby grants to Optionee a limited, [exclusive/ nonexclusive] license under the Optioned Patents and a limited, nonexclusive sublicense under the Optioned Technology to use the inventions of the Optioned Patents and the Optioned Technology solely for internal use and solely for the purpose of evaluating its interest in licensing the Optioned Patents and Optioned Technology.
As further consideration for the option granted herein, Optionee shall reimburse XXXX for all costs and expenses incurred by XXXX and OSU during the Option Period for preparing, filing, prosecuting, and maintaining the Optioned Patents.
XXXX, the technology transfer function for The Ohio State University (“OSU”) owns the Optioned Patents and has the right to license the Optioned Technology (defined below) and XXXX desires to have the Optioned Patents and Optioned Technology commercially developed to benefit the general public.
Optionee wishes to obtain from XXXX an option to license the Optioned Patents and Optioned Technology and XXXX is willing to grant such an option upon the terms and conditions set forth herein.
Optionee shall not sell, distribute or otherwise transfer or provide to any third party any Products without the express written consent of XXXX, and shall not use the inventions claimed in any of the Optioned Patents or use any other Optioned Technology or for any purpose other than evaluating its interest in licensing the Optioned Patents and Optioned Technology.