Examples of Owning Party in a sentence
Each Owning Party grants and agrees to grant each other Party a royalty-free non-exclusive worldwide licence to use its Foreground IP, solely for the purposes of carrying out its work in the relevant Work Package(s), and for no other purpose, and only for the Term.
Such JOMA shall specify one of the Owning Parties as the Lead Owning Party for the purpose of Commercialisation of the jointly owned Foreground IP.
On receipt of the notification to exercise the Option, the Owning Party or Lead Owning Party and the Party in question shall negotiate in good faith, with the aim of concluding a Licence during the Negotiation Period.
The relevant Introducing Party or Owning Party may by giving written notice to the Publishing Party require the removal of any of such Confidential Information from the publication.
All Trade Secret Results shall be treated as Confidential Information belonging to the Owning Party.