Examples of Outbound IP License in a sentence
The execution by the Company of this Agreement will not result in the loss or impairment of the rights of the Company to own or use any of the Intellectual Property currently used by the Company, or in a violation or termination of any Outbound IP License or Inbound IP License.
No Claim is pending or threatened in writing, or to the Company’s Knowledge orally, against the Company, and there is no reasonable basis for any such Claim that challenges the validity, enforceability, ownership, or right to use, sell, license or sublicense any material Intellectual Property owned by the Company or licensed pursuant to any Outbound IP License or Inbound IP License, or that the Company has breached any Outbound IP License or Inbound IP License.
No item of Company-Owned Intellectual Property is subject to any material outstanding Order, stipulation, charge, limitation, or agreement restricting in any material manner the use, the licensing or the sublicensing thereof (other than those restrictions expressly stated in the terms and conditions of an applicable Inbound IP License or Outbound IP License).