Examples of Patent Purchaser in a sentence
Prior to delivery of the Patent, Purchaser shall comply with all applicable laws and regulations of any government agency having jurisdiction, including all valid sanitation and pollution regulations.
Prior to delivery of the Patent, Purchaser shall use reasonable efforts to ensure that all equipment, vehicles, and materials are free of noxious weeds and noxious weed seeds prior to entering the Property or other trust lands.
UPLLC acknowledges and agrees that E Sub shall have the right to purchase the Offered Patents even if the proposed Transfer is for an exclusive license to the Patent Purchaser.
As part of the consideration for the grant of exclusive rights to the Patent, Purchaser will pay to Bxxxxx four percent (4%) of net sales derived from the use, offer for sale, sale, lease, rent and export of Products and Related Services (the “Patent Royalty”) in US Dollars.
To the extent the Patents include non-United States patents and patent applications, Sxxxxx will deliver to Agent executed documents in a form as may be required in the non-U.S jurisdiction in order to perfect the assignment to Patent Purchaser of the non-U.S. patents and patent applications.
After taking such action, Seller shall continue to advise Patent Purchaser on a current basis of the status and material terms of any discussions and negotiations with the Third Party.
For the avoidance of doubt, Seller makes no representation or warranty with respect to any information supplied by Patent Purchaser or any of its Representatives or any other Third Party for inclusion or incorporation by reference in the Proxy Statement.
All such patents and patent applications, along with any and all rights to revive or reinstate such patents and patent applications are assigned to Patent Purchaser, free and clear of any and all Liens, except for Permitted Liens.
Prior to taking any of the actions referred to in this Section 5.5(b), Seller shall notify Patent Purchaser orally and in writing that it proposes to furnish non-public information and/or enter into discussions or negotiations as provided in this Section 5.5(b).
Neither of Seller nor Patent Purchaser may rely on the failure of any condition set forth in this Article VII to be satisfied if such failure was caused by such Party’s failure to comply with or perform any of its covenants or obligations set forth in this Agreement.